RES-2021-143 - Laserfiche WebLink

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2. TERM OF AGREEMENT 2.1 Check one of the following as applicable to this Agreement: tr The term of this Agreement, is project specific and shall begin upon the date of execution by both Parties and shall remain in effect untilWSDOT has completed the Work detailed above or in Exhibit A; OR should the ENTITY terminate this Agreement pursuant to Section 4, this Agreement shallterminate when the ENTITY has made fullpayment for aIIWSDOT-incurred costs up to the date of termination. The estimated end date shall be: xxxxxxxx. tr The term of this Agreement shall begin upon the date of execution by both Parties and shall remain in effect for ten (10) years, subject to renewal by the Parties. This Agreement may be terminated pursuant to Section 4. ln the event of termination, this Agreement shall terminate when the ENTITY has made full payment for aIIWSDOT-incurred costs up to the date of termination. Exhibit A and Exhibit B does not apply. 3. PAYMENT 3.1 A cost estimate for the Work is detailed in Exhibit B. This applies to project specific work in box one under 2.1. WSDOT will invoice the ENTITY monthly for the actual direct and related indirect costs incurred by WSDOT in the performance of the Work completed during the previous month. These cost include but may not be limited to, labor, material, travel, and equipment. 3.2 The ENTITY agrees to reimburse the WSDOT for the actual direct and related indirect costs for the Work within thirty (30) calendar days of receipt of a WSDOT invoice. The ENTITY agrees further that if payment is not made to the WSDOT as herein agreed, WSDOT may charge late fees, interest or refer the debt to a collection agency, all in accordance with Washington State Law. 3.3 The Parties agree that any estimated costs for the Work may be exceeded by up to twenty five percent (25%) before an amendment to this Agreement is required. Once the costs reach the estimate in Exhibit A plus the 25% overrun allowance, WSDOT shall stop all Work until an amendment has been executed increasing the maximum dollar amount payable under this Agreement, or a decision is reached to terminate this Agreement. 4. TERMINATION 4.1 Either Party may terminate this Agreement upon thirty (30) calendar days written notice to the other Party. lf this Agreement is terminated by either Party prior to completion of the Work specified herein, the ENTITY agrees to and shall reimburse WSDOT for all actualdirect and related indirect expenses and costs incurred up to the date of termination associated with the Work. 5. MODIFICATIONS 5.1 This Agreement may be amended by the mutual agreement of the Parties. Such amendments or modification shall not be binding unless they are in writing and signed by persons authorized to bind each Party. 6.RECORDS 6.1 All records for performance of the Work, including labor, material, travel, and equipment records in GCB 3547 Page 2 of 4