SPORTS PARK IMPROVEMENTS 1983 - Laserfiche WebLink

C. Schedule o__f_ Payments For Section I.A, CONSULTANT shall submit, and CITY shall pay, monthly invoices for the estimated percenta2.e of work performed during the previous month, up to 90% of the total amount for said item, the balance to be payable upon completion and acceptance of said work by CITY. For Section I.B, CONSULTANT shall submit, and CITY shall pay, monthly invoices for the estimated percentage of work performed during the previous month, up to 90~6 of the estimated total for said item. The remainin~ 1056 qor Section 1.B shall be paid upon award of a construction contract for the work. In the event PRO3ECT is not bid and awarded within ninety (90) days after receipt by CITY of the completed working drawings, CITY shall pay for the remaining 10%. For Section I.C, CONSULTANT shall submit, and CITY shall pay, monthly invoices for the estimated percentage of work performed during the previous month, up to 90% of the total amount for said item, the balance to be payable upon col,~pletion of the work and acceptance of the construction by CITY. CONSULTANT shall be paid on a mo.qthly basis at the indicated hourly rates lot work completed under Section l.O. In the event PRO3ECT is terminated, CITY shall pay CONSULTANT full compensation Jot work performed to date ol written notification to cease work on the PRO3ECT in accordance with Section VII hereof. Ii the lowest acceptable construction bid exceeds the budgeted cost of construction by more than 1596, and CITY elects not to approve the excess or to reject all bids and either rebJd or negotiate, then CONSULTANT shall~ upon request of the C1TY~ revise the drawings and specifications without additional charge so as to obtain an acceptable bid within 15°,6 of the Jixed budget limit o[ construction. CITY will cooperate with CONSULTANT in order to effect such reduction. CONSULTANT shall have the option of including alternate bid ]terns, additive items or deduct items acceptable to CITY so as to permit flexibility in accepting a bid within the budgeted construction limit.