Project Coordination Contract - INDOT - School Zone Flashing Beacon Assemblies Project

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Version 6-8-2017 ATTACHMENT D PROJECT FUNDS I. Project Costs. A. This contract is just for the one (1) phase checked below: X Preliminary Engineering or ........................ Right -of -Way or Construction; Otherwise, this contract covers all phases. B. If the Program shown on Attachment A is receiving Group I federal -aid funds for the project, the LPA is allocated the funds through the MPO as written in their fiscally constrained TIP. Any adjustments (positive or negative) to the dollar amount listed in the TIP, or any increase or decrease in the funding from a prior year, authorized by the MPO that may not be reflected in the current TIP, are hereby considered adjustments to the contract between the LPA and INDOT, as the MPO must maintain fiscal constraint for all projects listed. Federal funds made available to the LPA by INDOT will be used to pay 90% of the eligible Project costs. The maximum amount of federal -aid funds allocated to the Project is dependent upon the current TIP allocation. As of this date, December 1 . ' '018, the maximum amount according to the TIP dated April 11 2018 is $ 80 000.00. The most current MPO TIP page, or MPO authorization, is uploaded into INDOT's Scheduling Project Management System (SPMS). • C. Federal -aid Funds made available to the LPA by INDOT will be used to pay of the eligible Project costs. The maximum amount of federal funds allocated to the project is D. The LPA understands and agrees that in accordance with I.C. 8-23-2-14, INDOT retains 2.5% of the final construction costs for oversight of construction inspection and the testing of construction materials. E. The LPA understands and agrees that it is MDOT's policy to only allow non -discretionary changes to a Project scope after bidding. Changes to the Project scope after bidding that are by the choice of the LPA and are not required to complete the Project will not be eligible for federal -aid funds and must be funded 100% locally. F. The LPA understands and agrees that the federal -aid funds allocated to the Project are intended to accomplish the original scope of the Project as designed. If the Project bid prices are lower than estimated, the LPA may not utilize those federal -aid funds and the remaining balance of federal -aid funds will revert back to the Local Program. G. If the Program shown on Attachment A is Group I or Group II, Section E. does not apply. If the Project bid prices are lower than estimated, the LPA may not utilize those federal -aid funds and the remaining balance of federal -aid funds will revert back to the MPO. H. The remainder of the Project cost shall be borne by the LPA. For the avoidance of doubt, INDOT shall not pay for any costs relating to the Project unless the PARTIES have agreed in a document (which specifically references section I.D. of Attachment D of this contract) signed Attachment D, Page 1 of 2