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<br />Page 26 of 36 <br />June 16, 2022 Project B26030-000 <br />185.683.001 Redwood City Public Library <br /> Downtown Branch <br /> <br />“Use or disclosure of proposal data is subject to the restriction(s) on the confidentiality page of this proposal.” <br />PAYMENT TERMS <br />20% on receipt of order <br />35% on shipment <br />45% at beneficial use <br />net 30 days <br /> <br />Late payments subject to 1-½% interest charges per month. <br />This proposal is based on Lyngsoe Systems’ standard terms and conditions. <br />Sales tax, or other state and local taxes have not been included unless specifically stated. <br />PRELIMINARY PROJECT SCHEDULE <br />This project schedule represents a framework schedule for each site. <br />Contract Signature/Letter of Authorization : Receipt of PO <br />Drawings Approved : 1 weeks At Receipt of Order (ARO) <br />Shipment : 18 weeks ARO <br />Start Installation : 22 weeks ARO <br />Installation Completed : 23 weeks ARO <br />Final Acceptance (Start of Warranty) : 23 weeks ARO <br /> <br />*Schedules to be confirmed after order. Current lead times could change due to global related supply <br />chain and/or shipping issues <br /> <br />*Standard Sea Freight quoted. Expedited air freight shipping quoted separately. <br /> <br />This Proposal Is Valid For 3 Months <br /> <br />