Agmt09 South Bay Recycling, LLC - Laserfiche WebLink

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1 ARTICLE 7 COMPENSATION TO CONTRACTOR 2 7.01 GENERAL 3 The payments provided for in Sections 7.02, 7.03, 7.06, 7.08 and 7.09 and the share of 4 Revenues provided in Section 7.07 are the full, entire and complete compensation due 5 to Contractor for furnishing all labor, equipment, materials and supplies and all other 6 things necessary to perform all of the services required by this Agreement in the manner 7 and at the time prescribed, and for fulfilling all of its obligations under this Agreement, 8 including but not limited to observing the installation of the new sorting equipment in 9 accordance with Article 4, the operation of the Shoreway Center in accordance with 10 Article 5, and the transportation of materials in accordance with Article 6. The 11 compensation provided for in this Article includes all costs for the items mentioned 12 above and also for all taxes, insurance, bonds, overhead, profit and all other costs 13 necessary or appropriate to perform the services in accordance with this Agreement. 14 7.02 REIMBURSEMENT OF PROJECT MANAGEMENT COSTS RELATED TO MRF 15 SORTING EQUIPMENT INSTALLATION 16 The Authority will reimburse the Contractor for project management costs actually and 17 reasonably incurred during the Equipment Manufacturer's installation of the MRF sorting 18 equipment for a fixed fee of Two Hundred Seventy Six Thousand Four Hundred Sixty 19 Two Dollars ($276,462). The foregoing amount will be adjusted by 800/0 of the 20 percentage change in Index: U. S. Department of Labor, Bureau of Labor Statistics, 21 Consumer Price Index - All Urban Consumers, U.S. city average (not seasonally 22 adjusted, all items, base period: 1982-84= 100, series no. cuurOOOOsa) 23 between the Effective Date and the date that the equipment is installed and ready for 24 the shake down period and acceptance test per Section 4.04. 25 This amount is the full compensation for all Contractor's costs associated with 26 supervising the installation of the equipment, including coordination with the Equipment 27 Manufacturer and the Authority's architects, engineers and construction contractor 28 during installation. 29 The obligation to reimburse Contractor for these costs accrues upon the equipment's 30 successful completion of the acceptance tests and the Authority's review and approval of 31 Contractor's request for reimbursement. The amount due will be paid within thirty (30) 32 days thereafter. 33 7.03 BASIC COMPENSATION - GENERAL 34 Contractor's Basic Compensation consists of three components, related to three 35 separate processes performed by Contractor. 36 A. Transfer Station Pavment. The amount of this payment is calculated by multiplying 37 the number of Tons of material delivered to and processed at the Transfer Station by 38 the per Ton Transfer Station Fee then in effect. The Transfer Station Fee is $9.71 39 per Ton. 40 B. Recvclable Materials Processina Pavment. The amount of this payment is 41 calculated by multiplying the number of Tons of Recyclable Materials delivered to 42 and processed at the MRF by the per Ton MRF Fee then in effect. The MRF Fee is 43 $67.36 per Ton. 44 C. Transportation Payment. The amount of this payment is calculated by multiplying 45 the number of Tons of materials transported from the Shoreway Center to the Operating Agreement for Shoreway Center Page - 23 - 7/30/09