HomeMy WebLinkAboutPayment & Deliverable ScheduleEXHIBIT "B"
PAYMENT AND DELIVERABLES SCHEDULE
CITY OF MIAMI
BISCAYNE BAY BLUEWAY PHASE I
Total payment by the District to the City shall not exceed the amount of $325,000.00**. All invoices
shall be accompanied by adequate documentation to support actual expenditures incurred by the City
within the not -to -exceed amounts specified below in accordance with Article 3 of the Agreement.
Payment by the District is further subject to receipt of progress reports and financial statements from the
City with documentation to demonstrate completion of each project task in accordance with Exhibit "A"
Statement of Work requirements. The City is responsible for reviewing and approving deliverables to
ensure that project objectives are met. The City is also responsible for project management, budget
management and quality control.
Task
Deliverable
Due Date*
DISTRICT**
Not -to -Exceed
Payment
CITY
Cost Share
Task 1:
Outreach
As per Task 1 Deliverables in
Section 4.0
2 months
E- r :,: r c...
$50,000
$5,000
Task 2:
Engineering
Design
As per Task 2 Deliverables in
Section 4.0
3 months
-S c;
$125,000
$50,000
Task 3:
Permitting
As per Task 3 Deliverables in
Section 4.0
6 months
$50,000
$25,000
Task 4:
Construction
As per Task 4 Deliverables in
Section 4.0
(Pay Requests with Supporting
Documentation may be
Submitted on a Monthly Basis)
No later than 8
months
$100,000
$225,000
Total Payment $325,000.00**
$305,000
* All dates are estimates and are referenced from the date of contract execution.
** The District shall only be obligated to pay for documented actual expenditures within the not -to -
exceed amounts specified above. In the event actual expenditures by the City are less than the not -to -
exceed for a particular task, the City shall have the right to apply the unexpended balance towards a
subsequent task. The City shall provide written notice of its decision to exercise this right. In no event
shall the District's total obligation exceed $325,000.00 as specified above. The total cost of this project
is estimated to be $630,000.
Page 1, Exhibit "B", Payment and Deliverable Schedule, OT061088