Laserfiche WebLink
a a <br />construction of said Project are summarized in Exhibits G and H and <br />which amounts will be offset from the respective railroad contributions <br />as provided in Part I, above. Railroads shall submit progressive billings <br />to local agencies for payment of work performed by Railroads on the <br />items set forth in said estimate shown on Exhibits G and H, and shall <br />submit their final billing on the same basis to cover the actual cost of <br />items of work performed by Railroads, provided, however, that the cost <br />of flagmen, watchmen and representatives to protect Railroads' property <br />and trains due to the operation of local agencies' Contractor(s) shall <br />be segregated in Railroads' billings to local agencies and latter agree <br />to pay Railroads the cost of such work within 30 days of receipt of such <br />billings from Railroads. Local agencies agree to pay the actual costs <br />of work performed and billed by Railroads whether more or less than the <br />amounts estimated on said Exhibits G and H. <br />4. All work to be done hereunder by Railroads shall be done only by <br />their employees working under Railroad Labor Agreements on a force <br />account basis, or by contract. Railroads shall submit all statements <br />of cost to local agencies for payment of work performed by Railroads in <br />accordance with the Interstate Commerce Commission's System of Accounts <br />for Railroads, and on the basis of items set forth in said estimates. <br />Final statement of costs shall cover the actual cost of items of work <br />performed by Railroads. <br />5. All work contemplated in this agreement shall be performed in a <br />good and workmanlike manner to the satisfaction of the parties, and each <br />portion shall be promptly commenced by the party obligated to do the <br />same and thereafter diligently prosecuted to completion in its logical <br />order and sequence. <br />6. The books, papers, records, and accounts of the parties so far as <br />they relate to the items of expense for labor and materials or are in <br />any way connected with the work herein contemplated, shall at all reasonable <br />times be open to inspection and audit by the agents and authorized <br />representative of the parties. <br />12 <br />