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<br />ARTICLE 5 <br />PAYMENTS TO THE ENGINEER <br /> <br />5.1 PAYMENTS ON ACCOUNT OF BASIC SERVICES <br /> <br />5.1.1 Payments for Basic Services will be made to Engineer monthly following receipt by <br />City of Engineer's invoices and appropriate payment requisitions. The amounts of these <br />invoices will be based upon the extent of work completed by the Engineer on a percentage <br />basis within each phase of services, in accordance with Article 14, less any disputed <br />amounts, pending resolution thereof. <br /> <br />5.2 PAYMENTS ON ACCOUNT OF ADDITIONAL SERVICES <br /> <br />5.2.1 Payments on account of the Engineer's Additional Services as defined in Section <br />1.3 will be made monthly upon presentation of the Engineer's statement of services <br />rendered or expenses incurred, less any disputed amounts, pending resolution thereof, <br />together with an Authorization of Change in Services form executed by the Engineer and <br />the City. <br /> <br />ARTICLE 6 <br />ENGINEER'S RECORDS <br /> <br />6.1 All expense records of Engineer will be kept on a recognized accounting basis <br />acceptable to the City and will be available to the City at mutually convenient times. <br /> <br />6.2 The City, its auditors, federal auditors, and state agencies that have monitoring or <br />auditing responsibilities for this Agreement will have access to any books, documents, <br />papers and records of the Engineer which are directly pertinent to this Agreement for the <br />purpose of making audit, examination, excerpts, copying and transcriptions. <br /> <br />6.3 The Engineer will fumish to the City at such time and in such form as the City may <br />require, financial statements including audited financial statements, records, reports, data <br />and information, as the City may request pertaining to the matter covered by this <br />Agreement. <br /> <br />ARTICLE 7 <br />OWNERSHIP AND USE OF DOCUMENTS <br /> <br />7.1 All documents prepared by Engineer in connection with this Agreement will become <br />the property of the City whether any project related to this Agreement is executed or not. <br /> <br />7.2 The Engineer will retain all of its records and supporting documentation relating to <br />this Agreement, and not delivered to the City, for a period of three years except in the <br />event that the Engineer goes out of business during that period, it will turn over, to the City, <br /> <br />5 <br />