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HomeMy WebLinkAboutForsgren - 5th street bridge study agreement51' Street Bridge Feasibility Study Task 200 Study 900 Additional Services Total 01-24-00xx Cost $90,000 $T&M $90,000.00 Compensation terms are defined as follows: Time and materials shall mean a rate extracted from the current rate table for a specific labor category that includes direct labor cost, indirect labor cost, and profit. Lump Sum shall mean a fixed amount, which shall be the total compensation agreed upon in advance for Scope of Services. SECTION V. PERIOD OF SERVICE Upon receipt of written authorization to proceed, ENGINEER agrees to perform the design services within the time period(s) described in Exhibit A. The anticipated completion date for the draft report is January 15' in anticipation of funding applications the city is preparing. It is anticipated that the City will review and comment on the draft report. A final report will be due 30 days following the City's review of the report. Unless otherwise stated in this Agreement, the rates of compensation for ENGINEER'S services have been agreed to in anticipation of the orderly and continuous progress of the project through completion. If any specified dates for the completion of ENGINEER'S services are exceeded through no fault of the ENGINEER, the time for performance of those services shall be automatically extended for a period which may be reasonably required for their completion and all rates, measures and amounts of ENGINEER'S compensation shall be equitably adjusted. SECTION VI. AUTHORIZATION IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. FORSGREN ASSOCIATES, Inc. "ENGINEER" NAME: Aaron Swenson, P.E. The Citti of Rexbur.c "CLIENT" FMA NAME; DATE 10-16-24 DATE: TITLE: Pro iect Manager TITLE: July 2023