3-Exhibit B - Method of Compensation (Sample).pdf

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Attached to
FABRICATION & DELIVERY OF FOUR (4) FABRIC SHELTERS
Solicitation number
ITB-06516
Issued by
Broward County, Fruitville CDP, Florida

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This document is an Exhibit titled "Method of Compensation" that outlines the payment terms for a contract between the Florida Department of Transportation (FDOT) and a vendor for the delivery of commodities detailed in Exhibit A. The contract provides for a lump sum payment of $125,000 to be paid upon delivery of all commodities, as approved by the Department. The contract includes the purchase of Tangible Personal Property that will be transferred to and controlled by the FDOT upon completion of services or end of the contract.

The related state and local contract opportunity is for the Fabrication & Delivery of 4 (70' Wide X 40'Long X 25' Center Height X 11' Side Wall) Fabric Shelters, associated Hardware, and Materials. The solicitation is open to all registered vendors in the State of Florida's MyFloridaMarketplace system, and out-of-state companies must be authorized to do business in Florida. The contract will be subject to the MFMP Transaction Fee, and vendors on the Scrutinized Companies Lists are prohibited from bidding. The contract also includes compliance with nondiscrimination statutes and authorities.

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Other files

File Type Posted
Bid Tabulation-Reject All Bids.pdf PDF
2-Exhibit A - Scope of Commodity.pdf PDF
1-ITB Shell-Commodity.pdf PDF
4-Exhibit C - Bid Sheet.pdf PDF
1-Addendum No. 2.pdf PDF
Addendum No. 1.pdf PDF
Exhibit A-Scope of Commodity (Rev 9-25-2023).pdf PDF
6-Attached Forms.pdf PDF
5-MFMP Purchase Order Terms and Conditions.pdf PDF

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DOT-ITB-24-4001-CO

B - 1 of 1

EXHIBIT B - METHOD OF COMPENSATION

(SAMPLE)

1.0 PURPOSE

This Exhibit defines the limits and method of compensation to be made to the Vendor for services set forth in Exhibit "A" and the method by which payments shall be made.

2.0 COMPENSATION

For the satisfactory delivery of the commodities detailed in Exhibit "A", the Vendor shall be paid a Lump Sum Amount of $125,000.00.

3.0 PROGRESS PAYMENTS

The Vendor shall submit one invoice (3 copies) in a format acceptable to the Department.

Payment shall be made to the Vendor upon delivery of all commodities, as approved by the Department.

Invoices shall be submitted to: Florida Department of Transportation Treasure Coast Operations 3601 Oleander Avenue Ft. Pierce, FL 34982

4.0 TANGIBLE PERSONAL PROPERTY

This contract includes the purchase of Tangible Personal Property as defined in Chapter 273, F.S., and is acquired in accordance with Rule 60A-1.017, Florida Administrative Code. The specific property(ies) and line-item cost(s) is(are) detailed (“below” or “in Exhibit C”) and will be subsequently transferred to and controlled by the Department upon completion of services or end of the contract, whichever occurs first. Upon receipt of property, the Vendor shall forward to the Department a copy of the purchase invoice/property description/serial number and date of receipt. The Department will forward inventory control label(s) to be affixed to all property. The Vendor will accommodate physical inventories required by the Department.

**END OF EXHIBIT B – METHOD OF COMPENSATION**

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