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b. SOW Development Anticipated Milestone Dates <br />1. Estimated "Start Date" of SOW Development— 10/2/2017 <br />2. Estimated "Completion Date" of SOW Development -11/15/2017 <br />3. Estimated "Testing Date" User Acceptance Testing —11/29/2017 <br />4. Estimated "Acceptance Date" User Acceptance —12/15/2017 <br />iii. KIOSK Advantage Exchange with Technician Warranty: <br />a. Base Term —September 1, 2017 through December 30, 2020 <br />$ 17,435.00 <br />b. Optional Term — January 1, 2021 through June 30, 2021 <br />$ 2,550.00 <br />(e) Software (as necessary) will be delivered electronically. Sales Tax or any other <br />applicable taxes will not be invoiced. The City will be responsible to remit any taxes to a taxing <br />authority as applicable. <br />(f) Payment Schedule <br />CONTRACTOR will invoice City as follows (based on "actual date"): <br />i. For one-time charges and base term services charges: <br />1. 50% ($26,337.50) <br />- Invoiced upon Date of Full Execution of First <br />Amended Agreement <br />2. 25% ($13,168.75) <br />- Invoiced upon Date of Completion of SOW <br />Development <br />3. 15% ($ 7,901:25) <br />- Invoiced upon Date of User Acceptance Testing <br />Commencement <br />4. 10% ($ 5,267.50) - Invoiced upon.Date of Final City User Acceptance <br />ii. For optional term services charges: <br />1. 100% ($3,550.00) - Invoiced upon Date of Written CITY Notice of Election <br />To Exercise Option to Extend Agreement <br />(Must be exercised by CITY by day following <br />last city council meeting of December, <br />2020.) <br />(g) Payment Terms <br />Terms are Net 30 from date of CITY receipt of CONTRACTOR'S invoice. <br />E <br />25B-9 <br />