25D - AGMT VIDEO WALL - Laserfiche WebLink

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charge. e. Estimated Project Milestones (Subject to Chanae based on Availability of Council Chambers Date Tas Com leted First Week of September Remove glass, pre -install, cabling Second Week of September Install frame and panels 'third Week of September Integration RPV to TV One Third Week of September TV One Commissionin Fourth Week of September Tes#qg and Proof of Performance Fourth Week of September Orientation and Trainjn Next Council Meeting After Completion VMI to attend City Council meeting 2. COMPENSATION a. City agrees to pay, and VMI agrees to accept as total payment for its services for City, the rates and charges identified in Compensation - Exhibit A. The total amount of compensation paid pursuant to this Agreement shall not exceed one hundred and forty-four thousand dollars and eight hundred and fifty-five dollars and fifty-eight cents ($144,855.58), plus 10% ($14,486-.56) for a contingency to be used at the City's sole discretion for unanticipated expenses. The total agreement amount shall not exceed $159,342,14. during the term of this Agreement. b. Progress payments shall be made on this project as follows; Date Percentage of Total Amount Agreement At start of work 25% $36 213.90 After TC One Commissioning 25% $36 13.90 Completion of project 50010 $72,427.78 + any portion of the contingency utilized by the City, c. Payment by City shall be made within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. Payment need not be made for work, which fails to moot the standards of performance set forth in the Recitals, which may reasonablybe expected by City. kid Y s i T!I This Agreement shall commence on the date first written above for a term of six months , unless terminated earlier in accordance with Section 15, below. The term of the Agreement can #2420v4 25D-7