Agmt05 DPR Construction - Laserfiche WebLink

Browse Search

Agreement setting forth the "Final Agreed Price," on the form attached as Exhibit "C" attached hereto and incorporated by this reference. C. Limit on FAP. The FAP shall not exceed the sum of Four Million Nine Hundred Fifty-five Thousand Fifty-seven and No/100 Dollars ($4,955,057.00) subject to (B) of this section and the other terms and conditions of this Agreement and the documents incorporated herein, such as General Conditions. The FAP shall not increase unless the performance of Services and/or cost of the Work in excess of that amount has been approved in advance by the City Council and is evidenced by a motion duly made and carried. Before the City/Agency will consider an increase in the FAP, CM/GC must identify and document how circumstances beyond its reasonable control have increased the time and/or costs of performing the Services. D. Payment Procedure. The FAP shall be disbursed to CM/GC in accordance with the terms and conditions of this Agreement, including provisions concerning CM/GC's fee and amounts to be paid for Contingency items. Subject to the terms and conditions of this Agreement or as specifically otherwise required by law, any and all expenses and costs for labor or materials, or other related expenses within the scope of CM/GC's Services or the Construction Costs under this Agreement that are above the FAP shall be paid by CM/GC as its sole responsibility. E. Payment Applications. Compensation and reimbursement of Construction Costs shall be paid based upon monthly applications for payment from CM/GC to City/Agency, which applications shall include the following information and materials: 1) an itemized statement, describing in detail the Services and Work performed by CM/GC on an hourly basis, by task and labor category or cost/expense items billed. 2) an itemized statement describing the Construction Cost for the Work performed by task and labor category or cost/expense, with invoices from each Trade Contractor for whose work CM/GC seeks payment. 3) Conditional waiver and release of lien forms as prescribed by Civil Code Section 3262 completed by CM/GC and every Trade Contractor and material supplier for whose work CM/GC seeks payment. 4) CM/GC's written verification and approval of the Trade Contractor's billings as correct and in accordance with the requirements of this Agreement. 5) Each of the monthly reports described in Exhibit A. F. Payment. City/Agency shall review each Payment Application promptly upon receipt of the complete application. City/Agency will return any incomplete application without payment. City/Agency will make payment of the approved amounts in each application for payment for within thirty (30) days of receipt of a complete request for compensation and reimbursement Atty/Agr/2005.003 030805/L. Beck/50? 588v? Page 4 of 30 "'.'-""'-'.'-""'T'