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II. TERMS AND CONDITIONS <br />A. OWNERSHIP OF REPORTS AND DOCUMENTS <br />Upon completion of all work under this Agreement, ownership and title to all <br />reports, documents, tracings, plans, specifications, estimates and maps prepared <br />or obtained under the terms of this Agreement shall be delivered to, and become <br />the property of City. Basic surrey notes and sketches, charts, computations, and <br />other data prepared or obtained pursuant to this Agreement shall be made <br />available upon request of the City without restriction or limitation on their use. <br />Contractor shall furnish the City all necessary copies of data needed to complete <br />the review and approval process. <br />B. TERM <br />The term of this Agreement shall commence the date of City Council award and <br />approval of all insurance and bonds, and terminate on June 30, 2014, unless <br />earlier terminated as set forth in Section H, below. <br />C. COMPENSATION <br />The method of payment for this contract will be based on actual cost <br />method. The City will reimburse the Contractor for actual costs (including <br />labor costs, employee benefits, materials, equipment, overhead and other <br />direct costs) incurred by the Contractor in performance of the work. The <br />Contractor will not be reimbursed for actual costs that exceed the <br />estimated wage rates, employee benefits, materials, equipment, <br />overhead and other estimated costs set forth in Contractor's Cost <br />Proposal (Exhibit B), unless additional reimbursement is provided for by <br />contract amendment. In no event, will Contractor be reimbursed for <br />overhead cost at a rate that exceeds the City's approved overhead rate <br />set forth in the Cost Proposal. In the event that the City determines that a <br />change to the work from that specified in the Cost Proposal and contract <br />is required, the contract time and /or actual costs reimbursable by the City <br />shall be adjusted by contract amendment to accommodate the changed <br />work. The maximum total cost shall not exceed Seventy Three Thousand, <br />Two Hundred Sixteen Dollars ($73,216.00) unless authorized by contract <br />amendment. <br />2. Invoices <br />a. The Contractor shall submit a monthly invoice by the fifteenth of the <br />month to the City for the services rendered in the prior month. <br />b. All invoices for work performed under this Agreement shall be <br />submitted in a format approved by the City. Invoices shall include the <br />following information: <br />Contractor's invoice number <br />23A -6 <br />