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6. D (1) Contract with Project Impact
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6. D (1) Contract with Project Impact
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K. Competitive Bidding Requirements. To the extent funds provided to <br />Project Impact are used for construction, reconstruction, alteration, repair or renovation <br />of a structure or improvement, Competitive Bidding Requirements shall be followed. <br />SECTION 4. Compensation. <br />A. Fees for Services. As compensation for services performed pursuant to <br />this Agreement, the Commission agrees to pay the Provider a fee of Six Hundred <br />Twenty -three Thousand Eighty -six Dollars ($623,086) for services rendered(the <br />"Contract Amount "). <br />B. Invoices. Commission shall pay Provider one -sixth (1/6) of the Contract <br />amount to Provider upon approval of the Contract. Beginning with the fifth (5th) day of <br />each month thereafter, one - twelfth (1/12) of the Contract amount shall be disbursed to <br />Provider until the entire Contract amount is disbursed to Provider. However, the <br />Provider shall submit an invoice for the payments outlined above to the Commission <br />detailing the services performed under this Agreement, and shall include at a minimum, <br />the identification of the Project task and description of the services completed consistent <br />with Section 3(B) of the Agreement. Commission, in its sole discretion, shall evaluate <br />whether or not the services performed by Provider justify the progress payments made <br />pursuant to Section 4(B) of this Agreement. Upon receipt and review of the final report <br />pursuant to Section 3(D) of the Agreement, and in the event the Commission determines <br />services provided do not justify amounts paid to Provider, Commission shall withhold <br />payment, and any excess amounts previously paid to Provider shall be returned to <br />Commission. In the event of termination of this Agreement as provided in Section 6, <br />Provider will not be entitled to any amounts remaining to be paid, and will return to <br />Commission any amounts previously paid for which services have not been provided <br />pursuant to terms of this Agreement. <br />SECTION 5. Term. <br />The Term of this Agreement shall commence on the Effective Date, and shall <br />terminate on the earlier of the Expiration Date or Termination Date, as described at <br />SECTION 6, below. This Agreement shall be renewable on such terms and for such <br />period as the Parties shall agree in writing. Notwithstanding the foregoing, this <br />Agreement is subject to annual appropriations of the Commission.. <br />SECTION 6. Termination and Default. <br />A. Termination. This Agreement shall expire on the earlier of: (i) the <br />Expiration Date without notice to either party; or (ii) within twenty (20) days of an <br />offending party's receipt of a Default Notice (as defined below) if such default or failure <br />continues and remains uncured as discussed in Section 6(B) below through no fault of the <br />party initiating the termination (the "Termination Date "). <br />Gel <br />
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