Agmt13 Golden State FLow Measurement Inc.

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�,_.,�,��0.�6�Q : PURCHASING AGREEMENT (Golden State F/ow Measurement Inc.) This Agreement is made and entered into between the City of Redwood City ("City"), a municipal corporation, and Golden State Flow Measurement Inc., a corporation of Eldorado Hills, CA ("Vendor") (collectively "Parties") as of !(;�7 �C.�� ,Z�y� (the "Effective Date"). In consideration of their mutual covenants,the Parties hereto agree as follows: Material:Sensus Water Meters and Transceivers Prices: See Exhibit A. Orders: Orders will be made on an "as needed" basis during the contract period. Delivery: Deliveries shall be made F.O.B. Redwood City. All meters shall be delivered within one hundred twenty (120) days after placement of a Purchase Order Release by the Public Works Division. Failure to meet delivery may result in termination of the contract or, at the City's sole option, for each calendar day that delivery is delayed on each order the City will deduct the sum of$500.00 per calendar day from payment due or to become due to the Vendor, not as a forfeit or penalty, but as liquidated damages. This sum is fixed and mutually agreed upon since the actual damages to the City and the public, which is caused by the delay, is impossible to determine. Invoice: Send invoices to: City of Redwood City—Attn:Justin Chapel Public Works Division 1400 Broadway St. Redwood City, CA 94063-2505 Each invoice shall contain, at a minimum, the following information: invoice number and date; Vendor remittance address; "bill-to" and "ship-to" addresses; contract number; contract shipping order number; item description; unit prices and extensions; sales tax; and an invoice total. Packing Slip: Each delivery shall be accompanied with a legible packing slip, showing quantities, item descriptions, and a purchase order number. Contract Term: The term shall be for a two (2) year period beginning the "Effective Date" of this agreement. Contract Extension: To promote efficiency and economy, the City reserves the right to extend the contract period for two (2) additional two-year periods. Such extension(s) will be at the City's option, subject to same terms, conditions, favorable prices, but unit pricing may be subject to increase based on manufacturer pricing. Vendor shall provide to City written evidence of any National Price increase(s) prior to contract renewal. Price increases to the City at contract renewal shall be the lesser of either: a three (3%) percent maximum unit price increase over the prior Contract Term unit price or equal to OEM Nationally Published Price Increase(s). Estimated Quantity: Estimates Quantity or expenditure shown on Exhibit A is merely an estimate of items to be �urchased for the Contract Term. The City does not guarantee nor agree to purchase a minimum quantity or to purchase any remaining stock that the Vendor may have acquired in support of the contract. Page 1 of 5 ATTY/AGR/2013.090/PURCHASING AGREEMENT(GOLDEN STATE FLOW MEASUREMENT) REV:06-6-13 MLG