HomeMy WebLinkAboutExhibit 3ATTACHMENT B
COMPENSATION
BASIC SERVICES
For all Basic Services detailed in Attachment A to this Agreement, Provider shall be
compensated on a lump sum basis according to the number of proposals received, as
follows:
> Analysis of One (1) proposal
➢ Analysis of 2nd Proposal
> Analysis of 3rd Proposal
➢ Analysis of 4th Proposal
➢ Analysis of 5th Proposal
$15,675
$13,585
$11,440
$7,838
$5,225
As maximum compensation for Basic Services under this Agreement, City shall pay and
Provider agrees to accept a fee not to exceed Sixty One Thousand Dollars ($61,000). In
the event that six or more proposals are received, each subsequent proposal beyond five
(5) will be discounted by Five Hundred Dollars ($500) for each proposal.
II PAYMENT SCHEDULE
As a "Retainer Fee" for preparatory work to be completed in conjunction with Basic
Services under this Agreement, City shall pay and Provider agrees to accept a fee not to
exceed Ten Thousand Dollars ($10,000). The Retainer Fee shall be paid in two
installments. The first payment shall be made upon contract execution and the second
payment shall be made upon receipt of proposals. The Retainer shall be deducted from
contract total at the completion of the Scope of Work.
Provider may submit invoices periodically during Term as Services are rendered.
Provider anticipates the following payment schedule, subject to project changes:
Invoice Submission Date
$5,000 Retainer Fee - 1st Installment
$5,000 Retainer Fee - 2nd Installment
Basic Services Fee (determined by
number of proposals received)
Reimbursable Expenses
Additional Expenses (if applicable)
Payment Date
30 Days Following
Contract Execution
Receipt of Proposals
Receipt of Final Report
Conclusion of Work
Conclusion of Work
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III ADDITIONAL SERVICES
Should the City request that Provider, or specific employees of Provider, attend
additional meetings beyond those specified as part of Basic Services in Attachment A or
provide additional services beyond those listed in Basic Services, such services shall be
compensated as Additional Services, at hourly rates adjusted for the City under this
Agreement:
Professional
Partner
Director
Manager
Staff Consultant
Administrative
Hourly Rate
Adjustment for
Government Client
$295 $350 $277 $330
$250 $275 $235 $260
$175 $225 $156 $210
$90 $140 $78 $130
$45 $65 $36 $57
Standard
IV REIMBURSEABLE EXPENSES
Provider shall be entitled to reimbursable expenses that are in addition to the stated
compensation for the Services provided hereunder, and shall consist of actual, direct
expenses incurred by Provider in performing the work. Reimbursable expenses
acceptable under this Agreement include: long distance telephone, postage other than
mailings to the City, overnight mail, courier/messenger service, parking, and outside
professional services of credit bureaus. Requests for payment of reimbursable expenses
shall be submitted in the form of an itemized invoice and accompanied by corresponding
receipts. The allowance for reimbursable expenses is $5,000.
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