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6.C. -Page 19 of 121 C. Payment If a contract is awarded, the method of payment to the Successful Bidder shall be on a case-by-case basis with a maximum "not to exceed" fee as set by the Successful Bidder in the bid or as negotiated between the Successful Bidder and the City. Payment will be made within thirty (30) days of receipt of an accurate invoice. Payment will be made no more frequently than monthly. D. DIR Registered Contractor The Contractor must be registered with the DIR pursuant to Labor Code §§ 1772.5 and 1771.1, and provide its DIR contractor number in Attachment B — Bid Pricing Form. E. Redwood City Business License The Successful Bidder must either possess a current, valid Redwood City business license or have submitted a Redwood City business license application and fee at the time of contract award. Business license information (application, ordinance, fees) can be found by navigating to the City of Redwood City homepage (www.redwoodcity.org) and selecting `Business," "Starting a Business," "Business Licensing." F. Bid Cost The Contractor must complete, sign and submit Attachment B — Bid Pricing Form with Contractor's bid. All pricing must be inclusive, and include all labor, material, debris disposal and equipment necessary for all tasks listed in this Scope of Services. Provision of this information assists the City in determining whether the Bidder understands the project, whether the costs are fair and reasonable in light of the services to be provided, and provides City staff with tools to negotiate the final cost. The Contractor acknowledges that by submitting a bid, the Contractor's proposed pricing is bound for 90 days after the Bid Submittal Deadline. E YIQN V11. 'TtrRMS AND £ONDITIONS A. City's Standard Terms and Conditions The terms and conditions set forth in Attachment E - Sample General Services Agreement will apply to any contract resulting from this NIB. B. Pricing Pricing shall remain firm throughout the first year term of the contract. At the end of the initial contract term and each contract anniversary date thereafter for the duration of the contract, prices may, upon Contractor or City request, be increased or decreased. Any price increases shall not exceed three percent (5%) per term and shall be approved at the discretion of the City. If accepted, the price increase will remain firm throughout the subsequent term period. In the event prices are reduced, the reduced price shall apply to all subsequent purchases following the date of the price decrease through to the following contract anniversary date. The Contractor shall submit to the City a revised unit price schedule for any requested changes. Page 5 of 22 REV: 12-14-18 PT ATTY/AGR.2018.282/Concrete/Asphalt Repair NIB updated 12.11.18 44