2-2. Section B (Sample Contract) (13).doc

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DEFINED CONTRIBUTION PLAN INVESTMENT ADVISORY CONSULTANT SERVICES
Solicitation number
P-005468
Issued by
Philadelphia County, Sugarcreek Borough, Pennsylvania

About this file

This is a sample service contract template from the Philadelphia Housing Authority (PHA) for the provision of defined contribution plan investment advisory consultant services in Pennsylvania. The contract establishes an initial one-year term with four additional one-year option periods exercisable at PHA's sole discretion. The selected consultant(s) will provide comprehensive general investment consulting advice to the PHA Pension Board, report directly to the Board, and attend quarterly Board meetings at minimum, with additional attendance at meetings as reasonably requested. The consultant will functionally work closely with the Board in an advisory capacity regarding the Philadelphia Housing Authority Defined Contribution Pension Plan and its associated trust.

Compensation will be paid monthly upon receipt and approval of itemized invoices, with payment made through Electronic Funds Transfer via the Automated Clearing House at PHA's option. The contract is governed by Pennsylvania law, and all actions arising under the agreement shall be brought in Pennsylvania. The contract incorporates by reference multiple documents including any addenda, the Statement of Work, HUD Standard Terms and Conditions, PHA Special and Standard Terms and Conditions, the original solicitation, the contractor's proposal, Affirmative Action requirements, Instructions to Proposers, and Representations and Certifications. The contractor must comply with all applicable Federal, State, county, and city statutes, ordinances, and regulations pertaining to wages, hours, and conditions of employment.

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Text version

SAMPLE

B. SERVICE CONTRACT

FOR THE PROVISION OF

PART I – AGREEMENT

THIS AGREEMENT, made and entered into as of _____________ __, 2020, by and between the PHILADELPHIA HOUSING AUTHORITY, a body corporate and politic created under the laws of the Commonwealth of Pennsylvania (“PHA”), whose address is 12 S. 23rd Street, Philadelphia, PA 19103 and __________________________________ (“Contractor”), a ________________________, organized and existing under the laws of ________________________, whose address is ______________________________________.

WITNESSETH:

WHEREAS, PHA desires to retain the services of Contractor and Contractor desires to provide such services to PHA; and

WHEREAS, by Resolution No. ________, adopted on __________ the President and CEO is authorized to conclude and execute a contract.

NOW THEREFORE, in consideration of the mutual covenants set forth herein, the parties agree as follows:

1. SERVICE TO BE PERFORMED.

(a) Contractor agrees to perform the services described in the Solicitation ____________, known as __________________Services and Contractor’s proposal, both made part of this Agreement.

(b) This Contract shall be for an initial contract period of one (1) years with four (4) additional one (1) year option periods, to be exercised solely at the discretion of PHA. The initial contract period will commence on ___________ __, 2014, and will continue until _____________ __, 2017, unless work is completed or terminated pursuant to this Contract.

2. COMPENSATION.

PHA will pay Contractor at the rate of $________________________, with total payment not to exceed $_________________________ for the initial contract period of ___ (_) year(s), $__________ if PHA exercises the first ____(__)-year option period, $__________ if PHA exercises the second (_) ___-year option period, and $__________ if PHA exercises the third (_) ___-year option period. Such payment will be made monthly and upon receipt and approval of an itemized invoice, as set forth in Section 2 of the PHA General Terms and Conditions of this Agreement, including but not limited to the use of Electronic Funds transfer through the Automated Clearing House, at the option of PHA. .

3. COMPLIANCE WITH APPLICABLE STATUTES, ORDINANCES AND REGULATIONS

Contractor shall comply with all applicable Federal, State, county and city statutes, ordinances and regulations, including those pertaining to wages, hours and conditions of employment.

4. GOVERNING LAW.

This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania, and all actions hereunder shall be brought in Pennsylvania.

5. CONTRACT COMPOSITION.

The following documents are hereby incorporated by reference, and constitute the Contract. Contractor acknowledges receipt of all listed documents. If there is any conflict between the documents of this Contract, then the following order of precedence shall govern:

Addendum Number ____ dated ________ __, 20___.

Addendum Number ____ dated ________ __, 20___.

Services Contract;

HUD Standard Terms & Conditions

Statement of Work

PHA Special Terms & Conditions

PHA Standard Terms & Conditions

Solicitation Number ______________ dated ________ __, 20__, and entitled Pension Plan Audit Services.

Contractor’s proposal and Best and Final Offer (if requested) as accepted by the PHA.

Affirmative Action requirements

Instructions to Proposers

Representations, Certifications, and other statements to Proposers

6. PRIOR AGREEMENT SUPERSEDED.

This Agreement constitutes the sole Agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter.

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed as of the date first above written.

CONTRACTOR

WITNESS:

BY:

Name:

(AUTHORIZED REPRESENTATIVE)

WITNESS:

PHILADELPHIA HOUSING AUTHORITY

BY:

Name:

CONTRACTING OFFICER

B-1

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