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Agenda Packet_2022-05-17
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Agenda Packet_2022-05-17
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5/16/2022 3:10:44 PM
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Agenda Packet
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5/17/2022
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M <br />amount and will be charged at cost plus ten percent (+10%) for administration, coordination, and handling. Subcontracted services, other than <br />those listed above, will be invoiced at cost plus ten percent (+10%). <br />In the event Monument is required to perform any act in relation to litigation arising out of any project with the Client (for example, expert consulting, <br />responding to a complaint, or proceeding with discovery and trial), such services are not par[ of this contract, nor are they part of our normal fees. <br />If required, these types of services will be invoiced at two times the regular hourly rates. <br />In the event this contract extends twelve (12) months beyond the initial date of execution, the hourly rates and any remaining amount in the contract <br />shall be adjusted upwardly by five percent (5%) per annum, compounded annually, on the anniversary date of this contract. <br />Written communication services in other languages would be an additional cost and would be billed separately based on quoted hourly rates by <br />independent translation services. Verbal communication in Spanish, if necessary, will be included at no additional charge. <br />Monument will submit monthly invoices for the professional and trade services rendered based on the hourly rate schedule provided above. The <br />client shall promptly pay the uncontested amount due within no more than thirty (30) days after receipt of invoice. Upon completion of services, the <br />remaining unbilled amount of the project balance shall become immediately due and payable. <br />City Council 28 — 215 5/17/2022 <br />
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