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A 1 I Y /Au K.zu i�j.,41/cover <br />Officers Association Resear <br />stoppages, or other labor diJftAWi..ggnA+M 9rtcrj.%bp44Ikfr Consultant's <br />officers or employees. <br />Consultant acknowledges the importance to City of City's project schedule and agrees <br />to use its best professional efforts to meet the schedule. City understands that <br />Consultant's performance must be governed by sound practices. <br />City understands that its participation in this project is essential and agrees to make <br />staff available for meetings and to review draft documents timely. For GFOA to adhere <br />to the schedule, requires timely participation by both parties. <br />5. Time is of the Essence. Time is of the essence for each and every provision of <br />this Agreement. <br />6. Compensation. The total fee payable forthe Services to be performed during the <br />initial term of this Agreement will be Forty -Five Thousand Dollars ($45,000). No other <br />compensation for the Services will be allowed except for items covered by subsequent <br />amendments to this Agreement. City has the authority to withhold a 10% percent <br />retention until City has accepted all of the services specified in Exhibit "A." Incremental <br />payments, if applicable, will be made as outlined in attached Exhibit "A." <br />6.1 An application for payment form must be submitted to City which shall <br />Include the following: a clear, detailed invoice reflecting work being billed for, a <br />summary sheet showing hourly rates, hours worked, percentage of work completed to <br />date, amounttpercent billed to date and current status of all tasks within a project; <br />any/all backup documentation supporting the above items. Work schedule updates must <br />also be included with the payment requests. <br />6.2 Consultant shall maintain adequate records and shall permit inspection <br />and audit by City of Consultant's charges under this Contract. Consultant shall make <br />such records available to City during normal business hours upon reasonable notice. <br />Nothing herein shall convert such records Into public records, and they will be available <br />only to Qty and any specified public agencies. Such records shall be maintained by <br />Consultant for one (1) year following completion of the work under this Contract unless <br />a longer period of time is required by state or federal law, in which event Consultant <br />shall retain its records for the time required by such laws. <br />6.3. The payment made to Consultant pursuant to the Agreement will be the <br />full and complete compensation to which Consultant is entitled. City will not make any <br />federal or state tax withholdings on behalf of Consultant or its agents, employees or <br />subcontractors. City will not be required to pay any workers' compensation insurance or <br />unemployment contributions on behalf of Consultant or its employees or subcontractors. <br />Consultant agrees to reimburse City within thirty (30) days for any tax, retirement <br />contribution, social security, overtime payment, unemployment payment or workers' <br />compensation payment which City makes on behalf of Consultant or any agent, <br />employee, or subcontractor of Consultant for work done under this Agreement. At the <br />Page 2 of 13 <br />AM/AGR.2079.142/GFOA- BUSINESS PROCESS IMPROVEMENT SERVICES <br />REV: 5-30.19 PR <br />