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

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Attached to
TREASURE COAST TERRAIN KAW MOWER
Solicitation number
ITB-04962
Issued by
Broward County, Fruitville CDP, Florida

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This document appears to be an Exhibit B - Method of Compensation for a contract opportunity issued by the Florida Department of Transportation (FDOT) for the procurement of a TREASURE COAST TERRAIN KAW MOWER. The contract requires the successful vendor to provide the specified commodities detailed in Exhibit A, to be paid a lump sum amount of $56,000.00. Payment will be made upon delivery of all commodities, as approved by the Department. The contract includes the purchase of Tangible Personal Property, which will be transferred to and controlled by the FDOT upon completion of services or end of the contract.

The contract opportunity is open to vendors registered in the State of Florida's MyFloridaMarketplace system. Prospective bidders, proposers, and respondents must be properly licensed if the business being provided requires licensing by the Florida Department of Business and Professional Regulation. The contract is subject to the MFMP Transaction Fee, and vendors on the Scrutinized Companies Lists are prohibited from bidding. The contract must also comply with various nondiscrimination statutes and authorities, including Title VI of the Civil Rights Act of 1964.

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Other files

File Type Posted
1-ITB shell-commodity.pdf PDF
2-Exhibit A - Scope of Commodity.pdf PDF
6-Attached Forms.pdf PDF
4-Exhibit C - Bid Sheet.pdf PDF
5-MFMP Purchase Order Terms and Conditions.pdf PDF
Bid Tabulation - Intent to Award.pdf PDF

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DOT-ITB-23-4010-SC

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 $ 56,000.00.

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.

File details come from the government source that posted it. Updated .