Res 1992-102 - Laserfiche WebLink

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Page 2 3. Progress Payment - Reimbursement of Charges (as defined hereinabove) shall be as they are incurred. Services to be performed which exceed $10,000 or require more than 30 days to complete, shall be billed on a progress basis, unless other arrangements have been agreed to in writing by LCRA. Progress invoices shall be due and payable upon recei pt. 4. Final Payment - Payments of total Charges shall be made upon completion of a project or services. Invoices will be submitted by LCRA upon coffi?letion of a project or services for the total amount due. Invoices will be due and payable upon receipt. (Note: See Progress Payments for services exceeding $10,000 or more than 30 days required for completion.) 5. Retainer Schedule - A monthly or annual prepaid fee shall be remitted to LCRA by Customer for services to be provided. Such fee shall be defined in an agreement between the parties hereto as to amount, time, method of payment, and services to be covered thereunder. 6. Equipment Lease Payment - Payments for leased equipment, contractually agreed to as to amount and terms of lease, shall be remitted by Customer to LCRA. 7. Equipment Use Fee - A fee shall be charged to Customer for the use of a particular piece of equipment provided by LCRA. The bills rendered under any schedule or charge described herein are net and will be increased by 1% if not paid within 15 days from the date of the invoice and by an additional 1% for each month thereafter until the total amount due is paid. Such Fiscal Policy as herein described is to be part of that certain Agreement for Technical Services, date the~ay of ~ 19-Jd;.. Titl . General Mana er . , <"~, ;