3-Exhibit B - Method of Compensation (Sample).pdf
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- Attached to
- CLOUD BASED ARTERIAL MANAGEMENT (CBAM) REGIONAL PLATFORM FOR TREASURE COAST FOR FLORIDA DEPARTMENT
- Solicitation number
- ITB-12314
- Issued by
- Broward County, Fruitville CDP, Florida
About this file
This document is an Exhibit B - Method of Compensation (Sample) for the Florida Department of Transportation (FDOT) District Four, specifically for a Cloud Based Arterial Management (CBAM) Regional Platform project for the Treasure Coast region. The contract is associated with Financial Project #453821-1-93-01 and various other project numbers, with a total maximum compensation amount of $1,350,000.00. The vendor will be responsible for providing services as detailed in Exhibit A, with monthly invoices submitted for approved services.
The compensation structure involves progress payments based on unit billing rates outlined in Exhibit C, which include costs for salaries, overhead, fringe benefits, and operating margin. The vendor is required to submit detailed monthly invoices with documentation of man-hours and itemized costs, including receipts. The contract includes provisions for Minority Business Enterprise (MBE) and Disadvantaged Business Enterprise (DBE) utilization, with specific reporting requirements. The vendor is prohibited from exceeding fiscal year amounts without an approved amendment, and the Department reserves the right to assess financial consequences for non-compliance or substandard performance.
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Text version
DOT-ITB-25-4007-CO
EXHIBIT B – METHOD OF COMPENSATION
(SAMPLE)
A - 1 OF 3
State of Florida Department of Transportation
EXHIBIT B – METHOD OF COMPENSATION
(SAMPLE)
CLOUD BASED ARTERIAL MANAGEMENT (CBAM)
REGIONAL PLATFORM FOR TREASURE COAST
FOR
FLORIDA DEPARTMENT OF TRANSPORTATION
DISTRICT
FOUR
FINANCIAL PROJECT #: 453821-1-93-01 & Various http://www.fdot.gov/
(SAMPLE)
A - 2 OF 3
1. 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. COMPENSATION
For the satisfactory performance of services detailed in Exhibit “A”, the Vendor shall be paid up to a Maximum Amount of $1,350,000.00.
The Vendor shall not provide services that exceed the Fiscal Year amount(s) without an approved Amendment from the Department.
3. PROGRESS PAYMENTS
The Vendor shall submit monthly invoices (3 copies) in a format acceptable to the Department. Payment shall be made at the unit billing rates in Exhibit “C”, for services provided, as approved by the Department. The contract unit rates shall include the costs of salaries, overhead, fringe benefits and operating margin.
Payment shall be made to the Vendor for services provided plus actual allowable costs. The invoice shall include documentation of man-hours provided and itemization of costs incurred (including receipts).
Invoices shall be submitted to:
Florida Department of Transportation - District 4 Transportation Systems Management & Operations (TSM&O)
2300 W Commercial Blvd., Fort Lauderdale, FL 33309
Project Manager: Alternate Contact:
Daniel Smith E-mail: Daniel.Smith@dot.stat.efl.us
Phone #: (954) 847-2633
Tatiana Mitchell E-mail: Tatiana.Mitchell@dot.state.fl.us
Phone #: (954) 847-2796
The Vendor has certified that ____% MBE/DBE utilization would be achieved for this contract. If MBE utilization was certified by the Vendor, an MBE payment certification form shall be submitted with each invoice to verify the MBE utilization.
If DBE utilization was certified, DBE payments are to be input each month at the following link: https://www.fdot.gov/equalopportunity/eoc.shtm
New users reporting DBE payments will need to contact FDOT at EOOHelp@dot.state.fl.us to get a EOC user ID and password to access the application.
mailto:Daniel.Smith@dot.stat.efl.us mailto:Tatiana.Mitchell@dot.state.fl.us https://www.fdot.gov/equalopportunity/eoc.shtm mailto:EOOHelp@dot.state.fl.us
(SAMPLE)
A - 3 OF 3
4. FINANCIAL CONSEQUENCES:
The Department will assess the financial consequences for any non-compliance and/or substandard performance that is documented in writing and sent to the Vendor. Refer to Exhibit A – Scope of Service, Section G, Page 4.
5. DETAILS OF UNIT RATES:
Details of Unit Rates for the performance of the Vendor’s services set forth in Exhibit "A" are contained in Exhibit "C", attached hereto, and made a part hereof.
6. TANGIBLE PERSONAL PROPERTY:
This contract does not involve the purchase of Tangible Personal Property, as defined in Chapter 273, F.S.
**END OF EXHIBIT B – METHOD OF COMPENSATION**
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