EXHIBIT F
PAYMENT TERMS
1. BASIC SERVICES: The Contract Fee shall be paid directly to
the CONSULTANT in installments as tabulated below:
|
|
Net % of Consultant's |
Cumulative |
|
|
Contract Fee |
Percentage |
| a. |
SKETCH STUDY STAGE: Upon approval of Sketch Study
Stage and delivery of four sets of same. |
10% |
10% |
| b. |
PRELIMINARY STAGE: Upon approval of Preliminary Stage
and delivery of four sets of same. |
20% |
30% |
| c. |
CONTRACT DOCUMENT STAGE: Payment may be requisitioned
in monthly installments for preparation of Contract Documents. The final monthly payment
shall be made on delivery of all drawings in final form, all copies of the
completedspecifications and proposal forms. |
35% |
65% |
| d. |
BID STAGE: Within sixty days after receipt of
acceptable bids. |
10% |
75% |
| e. |
CONSTRUCTION STAGE: Payment may be requisitioned in
monthly installments as construction proceeds. The final monthly payment shall be made
following the Final Acceptance and certification of final compliance with the drawings and
specifications under Paragraph 19 of Exhibit D. |
25% |
100% |
|
|
|
|
2. ADDITIONAL SERVICES: For Additional Services
rendered under Paragraph 15. a. through 15. m. inclusive of Exhibit B, the basis of
payment shall be payroll costs times a factor of 2.50 for services rendered by employees
assigned to the PROJECT at regularly established offices of the CONSULTANT at the rate set
forth in Wage Rate Schedule attached hereinafter.
a. Direct salary as used herein shall be the payroll cost of salaries
or wages paid directly to employees of the CONSULTANT employed on this PROJECT.
3. SPECIAL CONSULTANTS: When authorized by the Vice President
for Administrative and Information Services, the COLLEGE will pay the CONSULTANT for
services of special consultants in the amount billed to the CONSULTANT plus 5% of the
billing, plus all of the Consultant reimbursable expenses in connection therewith.
4. CONSULTANT'S PRINCIPALS' TIME: For additional service
rendered under Paragraph 15. a. through 15. m. inclusive of Exhibit B, the basis of
payment for services rendered by CONSULTANT'S Principals shall be computed at the hourly
rate provided for those individuals specifically named as principals in the Wage Rate
Schedule attached as Exhibit G.
REIMBURSABLE EXPENSES:
The COLLEGE will pay the CONSULTANT the actual costs of all reimbursable expenses
incurred. Reimbursable expenses shall mean the actual expenses for Test Borings,
Inspection or Testing Agencies, expense of computer time and/or other items previously
authorized by the Vice President for Administrative and Information Services. The
reimbursable expenses shall be allowed on a direct cost basis (with no additional
provisions for overhead or fee).
6. NONCOMPENSATORY AND MINOR CHANGES: In the event that any
change is required due to defect of design or unworkability of details, or because of any
other fault or error of the CONSULTANT, as determined by the COLLEGE, no additional
compensation shall be paid to the CONSULTANT for making such change, and the obligation to
make such change without additional compensation shall continue until Final Payment under
this Agreement.
7. TIMES AND REQUIREMENTS OF PAYMENT:
a. Payments: The COLLEGE will make prompt payments in response to the
CONSULTANT'S statements for all categories of services rendered under this Agreement and
for reimbursable expenses incurred.
b. Claim Forms: Payment of the CONSULTANT'S fee for services rendered
shall be made upon presentation of claim forms supplied by the COLLEGE and approved for
payment by the Vice President for Administrative and Information Services or his
authorized representative. Each claim form submitted for payment under Additional Services
shall be accompanied by a certified statement setting forth the name and title of each
person who was engaged in each separate project during such month, his/her Hourly Rate of
pay, the number of hours worked each day and the amount of compensation earned.
c. No deduction shall be made from the CONSULTANT'S compensation on
account of penalty, liquidated damages or other amounts withheld from payments to the
Contractor(s).
d. The payroll costs used as a basis for payment shall mean the direct
salaries and wages paid to principals and employees engaged directly on the PROJECT,
including, but not limited to, Engineers, Architects, Surveymen, Designers, Draftsmen,
Specification Writers, Estimators, and other approved technical personnel.
8. ACCOUNTING PRACTICES: The CONSULTANT shall maintain full and
complete books and records of accounts in accordance with accepted accounting practices
and such other records as may be prescribed by the COLLEGE or the Comptroller of the
County of Suffolk. Such books and records shall be retained for a period of three years,
after final completion of all of the construction contracts for the PROJECT, and shall at
all times be available for audit and inspection by the County Comptroller or his duly
designated representative, and the Vice President for Administrative and Information
Services or his duly designated representative.
9. WAGE RATE SCHEDULE:
a. The CONSULTANT shall prepare and attach to this Agreement, as
Exhibit , at the time of execution thereof, a schedule entitled Wage Rate Schedule listing
the various job classifications of the personnel to be used by it on this PROJECT and the
maximum hourly wage rate currently in effect for each such job classification. Said
schedule shall be deemed to be a part of this Agreement.
b. Any wage increase hereafter granted to any employee engaged in this
PROJECT and which is charged to the COLLEGE, shall not exceed the employee's wage rate
prevailing at the time of the execution of this agreement by more than 6% in any one
calendar year. In no event shall an employee's wage rate, at any time, exceed the maximum
rate for his/her job classification.
c. With respect to any claim for payment submitted for direct salary
costs, the certified statement to be attached to such claim form, as herein provided shall
further recite that the hourly wage rate listed for each of the personnel named in said
certified statement, was the prevailing hourly wage rate for such employee at the time of
the execution of this agreement. If any employee so listed had received an increase in
his/her wage rate the CONSULTANT shall certify that such increase did not exceed the
amount allowable for the year as hereinabove defined.
d. In the event the CONSULTANT should desire to modify or alter the
said Wage Rate Schedule in any respect, it shall give the Vice President for
Administrative and Information Services thirty (30) days written notice of such intention.
Unless approved in writing by the said Vice President for Administrative and Information
Services within said period, the said modification or alteration shall be deemed rejected.
END OF EXHIBIT F |