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2. CONTRACT MODIFICATION WORK <br />2.1. Regular time labor, Monday through Friday, <br />8:00 a.m, to 5:00 p.m. for services to perform <br />furniture reconfigurations not included in Contract. <br />$48.00 Te1CI� <br />33.00 installer <br />$ per hour <br />2.2. Overtime labor, for services to perform 64.00 r-earl <br />furniture reconfigurations not included in Contract. $ 44.00 I3ethduler <br />3. TERM OF CONTRACT This Contract shall be in effect for a term of 3 years (36 months) from the <br />date of the Contract. <br />4 pRICING The pricing for the Contract shall be divided into two 18 month periods. During the first 18 <br />month period there shall be no price increase by the Contractor of the manufacturer's published price <br />list as of the date of the contract. The Contractor shall be entitled to a price adjustment at any time <br />after the first 18 month period based on the manufacturer's published price list in effect as of that date <br />and shall be fixed for the remaining duration of the 18 month period. The discounts off the list price <br />shall remain fixed for the entire term of the Contract. <br />5 CASH DISCOUNT. Bidder must state cash discount offered. Terms less than 2% net 10 days will not <br />be considered in malting award. —0= % net 30 days. Discount will be taken <br />on the fall amount of invoice, unless itemized and specifically disallowed. <br />6 LEASE OPTION. PURCHASER will consider leasing as an option in procuring furnishings for this project. <br />Leasing terms and rates shall be submitted by each bidder as an attachment, on the on the lessor's original <br />letterhead and proposal. Tetras and rates shall be based on the submitted bid total, including delivery and <br />installation fees. Lease options shall state 5-year, 7-year, and 10 years terms, each with a dollar buy-out upon <br />the expiration of the lease. Rates are as follows: <br />Lease Terns <br />Running Lease Rate <br />First Payment <br />State Quarterly or Monthly Payments <br />Five Year <br />Seven Year <br />Ten Year <br />7. PRICE LIST UTILIZED FOP, BID SPECIFICATIONS & PRICES <br />7.1. <br />Systems Price List in <br />Effect <br />Date/ <br />_11/16/98 <br />7.2. <br />Casegoods Price List in <br />Effect <br />Date/ <br />11/16/98 <br />7.3. <br />Tables Price List in <br />Effect <br />Date/ <br />1.1/16/98 <br />7.4. <br />Lateral file <br />f <br />Date/ <br />8 <br />7.5, <br />Seating Price List in <br />Effect <br />Date/ <br />i1/16/98 <br />7.6. Other Date/ <br />7.7, Other Date/ <br />COPYRIGHT C) 1999 LORING CRUZ, LONG BSACii CA. Alt rights reserved. Distribution, Copying, <br />dissemination, or disclosure to others is strictly prohibited without express permission. <br />Griffin Realty SA, Inc <br />Development Services Center Project <br />Bid No. DSC-7.2-99S <br />Office Furnishings, Systems Furniture <br />Page - 3 Date Printed 10/27/98 <br />