Res 2004-214 - Laserfiche WebLink

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I I I The amounts of these invoices will be as follows: 1. 10% of the total fee for the unit following the City's approval of Contractor's submittals; 2. 20% of the total fee for the unit upon the Contractor's delivery of the Equipment to the Project site(s); 3. 20% of the total fee for the unit upon the Contractor's satisfactory installation of the Equipment as described in Section 1.7 of this Agreement; 4. 40% of the total fee for the unit upon the Contractor's completion of training, necessary testing and continuous operation of the unit for 60 calendar days without a documented failure to meet the performance requirements of Section 1.4.1; and 5. The remaining 10% of the total fee for the unit upon the City's final acceptance of the Project, which will be granted following a full year of successful operation of all units. This final payment shall be placed in an interest-bearing account at the same time the payments under Item 4 above are made. All interest shall accrue to the Contractor's benefit. Payment of all invoices will be less any disputed amounts, pending resolution thereof. 3.2 PAYMENTS ON ACCOUNT OF ADDITIONAL SERVICES Payments on account of the Contractor's Additional Services as defined in Section 1.8 will be made monthly upon presentation of the Contractor's statement of services rendered or expenses incurred, less any disputed amounts, pending resolution thereof, and accompanied by an Authorization of Change in Services form executed by the Contractor and the City. ARTICLE 4 CONTRACTOR'S RECORDS 4.2 The City, its auditors, and federal and state agencies that have monitoring or auditing responsibilities for this Agreement will have access to any books, documents, papers and records of the Contractor which are directly pertinent to this Agreement for the purpose of making audit, examination, excerpts, copying and transcriptions. 4.3 The Contractor will furnish to the City at such time and in such form as the City may require, financial statements, records, reports, data and information, as the City may request pertaining to the matter covered by this Agreement. ARTICLE 5 OWNERSHIP AND USE OF DOCUMENTS 5.1 All documents prepared by Contractor in connection with this Agreement will become the property of the City whether any project related to this Agreement is executed or not. City agrees such documents are not intended or represented to be suitable for reuse for another project by City or others. Any such reuse by City or those who obtained said documents from City without written verification or adaptation by the Contractor will be at City's sole risk and 8