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Amendment No 2 to OEA - Low-Cost Fincng. for LTCP WWPT CSO 045 – American Structurepoint, Inc.
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Amendment No 2 to OEA - Low-Cost Fincng. for LTCP WWPT CSO 045 – American Structurepoint, Inc.
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Board of Public Works
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Contracts
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1/24/2023
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Page 1 <br />(Exhibit C-1 – Compensation for Additional Services to be performed by Engineer) <br />3. Exhibit C-1, Compensation to Engineer for Additional Services and Reimbursable Expenses is <br />included in the Agreement, as follows: <br /> <br /> <br />This is EXHIBIT C-1, Compensation for Additional <br />Services to be performed by Engineer, consisting of 1 page, <br />referred to in and part of the Agreement between Owner and <br />Engineer for Professional Services dated as of the last <br />required signature. <br /> <br />Payments to Engineer for Additional Services and Reimbursable Expenses <br />COMPENSATION PACKET BC-1: Additional Basic Services – Lump Sum <br /> <br /> <br />Article 2 of the Agreement is supplemented to include the following agreement of the parties: <br /> <br />ARTICLE 2 – OWNER’S RESPONSIBILITIES <br /> <br />C-1.2.01 Compensation for Additional Basic Services described in Exhibit A-1 – Lump Sum <br />Method of Payment <br /> <br />A. Owner shall pay Engineer for Basic Services set forth in Exhibit A-1, except for services of <br />Engineer’s Resident Project Representative, if any, as follows: <br /> <br />1. A Lump Sum amount of $61,500 <br /> <br />2. The Lump Sum includes compensation for Engineer’s services and services of <br />Engineer’s Consultants, if any. Appropriate amounts have been incorporated in the <br />Lump Sum to account for labor, overhead, profit, and Reimbursable Expenses. <br /> <br />3. The portion of the Lump Sum amount billed for Engineer’s services will be based <br />upon Engineer’s estimate of the percentage of the total services actually completed <br />during the billing period. <br /> <br />B. Period of Service: The compensation amount stipulated in Compensation Packet BC-1 and <br />modified by Exhibit C-1 is conditioned on a period of service not exceeding 114 days. If <br />such period of service is extended, the compensation amount for Engineer's services shall be <br />appropriately adjusted. <br /> <br />1. Professional services hourly billing rates, mileage rates, and consumables costs are <br />subject to annual adjustment on January 1st of every calendar year during the duration <br />of the project. Cost adjustments will be handled through approved Amendments to <br />the Contract. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />
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