4-Exhibit B - Method of Compensation (Sample).pdf
PDF 289 KB Posted
- Solicitation number
- ITB-17082
- Issued by
- Broward County, Fruitville CDP, Florida
About this file
This is a Method of Compensation exhibit for a term contract issued by the Florida Department of Transportation (FDOT), District Four, for districtwide fencing services under solicitation DOT-ITB-27-4003-CO. The contract is structured as an indefinite quantity agreement whereby the vendor will provide services on an as-needed basis throughout the contract term, with work initiated and completed as directed by the FDOT Contract Manager. Each work assignment will be authorized through a Letter of Authorization (LOA) that specifies the scope of work and corresponding maximum amount, as detailed in the accompanying Scope of Services exhibit.
The contract establishes a total budgetary ceiling of $1,000,000.00, which may be increased or decreased by amendment based on departmental need and budget availability. Compensation will be provided according to unit rates established in Exhibit C, with vendors required to submit estimates for each LOA based on these established rates plus allowable expenses. Upon completion of authorized work, vendors must submit invoices with supporting documentation including the proposed fees, the corresponding LOA, and relevant encumbrance records. Payment will be made for services actually provided up to the maximum amount of each authorization, with such payment constituting full compensation for all labor, equipment, and materials. The contract does not involve the purchase of tangible personal property as defined under Florida Statutes Chapter 273.
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Other files
| File | Type | Posted |
|---|---|---|
| Q&A No. 1.pdf | ||
| Addendum No. 3.pdf | ||
| 1-Invitation to Bid (Shell).pdf | ||
| 2-Standard Written Agreement.pdf | ||
| Appendix 1-Terms for Federal Aid Contracts.pdf | ||
| 5-Exhibit C1 - Bid Price Scheet.xlsx | XLSX spreadsheet | |
| Addendum No. 1.pdf | ||
| Minimum Qualifications Statement.pdf | ||
| Addendum No. 2.pdf | ||
| 6-Exhibit C2 - MFMP Transaction Fee.pdf | ||
| 3-Exhibit A - Scope of Services.pdf | ||
| PUR1355.pdf | ||
| Exhibit C1 -Bid Price Sheet-Addendum No. 3.xlsx | XLSX spreadsheet | |
| Invitation to Bid (Shell) Rev 10-13-26.pdf | ||
| Affidavit Regarding Labor & Services.pdf | ||
| Attached Forms.pdf |
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Text version
DOT-ITB-27-4003-CO
EXHIBIT B – METHOD OF COMPENSATION
(SAMPLE)
B - 1 OF 3
State of Florida
Department of Transportation
DISTRICTWIDE FENCING
FOR
FLORIDA DEPARTMENT OF TRANSPORTATION – DISTRICT FOUR
FINANCIAL PROJECT NUMBER: 431042-2-4B-01 & Various
B - 2 OF 3
1.0 PURPOSE
This exhibit defines the method of compensation for payment to be made to the Vendor for services herein described in Exhibit “A”.
2.0 ASSIGNMENT OF WORK
The Department shall request Vendor services on an as-needed basis. Services to be provided on each project will be initiated and completed as directed by the Contract Manager. A Letter of Authorization (LOA) will be issued, specifying the work to be done for each work assignment.
3.0 COMPENSATION
The total of all authorizations shall not exceed a budgetary ceiling of $ 1,000,000.00.
This is a term contract for an indefinite quantity whereby the Vendor agrees to furnish services during a prescribed period of time. The specific period of time completes such a contract. The Department, based on need and availability of budget, may increase or decrease the budgetary ceiling by amendment. Execution of this agreement does not guarantee that the work will be authorized.
4.0 ESTABLISHMENT OF LETTER OF AUTHORIZATION AMOUNT
For each LOA the Vendor, following the Scope of Services as set forth in Exhibit “A”, shall prepare for each "Letter of Authorization" (LOA) the Vendor, following the Scope of Services as set forth in Exhibit "A", shall prepare an estimate of work and price based on the rates established in Exhibit "C", and allowable expenses. Once an acceptable Maximum Amount has been agreed upon by the Vendor and the Department's Project Manager, a "Letter of Authorization" shall be issued by the Project Manager. The Project Manager shall obtain fund approval for each authorization by an approved encumbrance prior to issuing the "Letter of Authorization". All work authorizations shall be completed within the term of this Agreement.
5.0 INVOICING
Upon completion of the work specified in each LOA, the Vendor shall submit one (1) original invoice in a format acceptable to the Department. Included with the invoice shall be one (1) copy of the documentation of the appropriate proposed fees for the work assignment (as submitted to the Department), the corresponding LOA issued by the Department, and the relevant encumbrance. For the satisfactory performance of the services detailed in each LOA, the Vendor shall be paid up to the maximum amount of each authorization. Payment shall be made at the unit rates in Exhibit “C”, for services provided, as approved by the Department.
B - 3 OF 3
6.0 DETAILS OF UNIT RATES
Details of unit rates for the performance of the Vendor services set forth in Exhibit “A” are contained in Exhibit “C”, attached hereto and made a part hereof.
7.0 PAYMENT
Payment for each LOA shall be made according to Exhibits “B” and “C”.
Payment shall be according to the schedule of work units completed by the Vendor (see Exhibit “C”) and accepted by the Department. Such payment shall be full compensation for all labor, equipment, and materials furnished and specified in this section.
For each LOA, the Vendor shall use these specifications to prepare a maximum estimate of work and price based upon the rates established in the bid price proposal, Exhibit “C”.
Once an acceptable total amount has been agreed upon by the Vendor and the Contract Manager, an LOA shall be issued for the agreed-upon services. Payment shall be made to the Vendor for services actually provided, up to the amount of each LOA.
8.0 TANGIBLE PERSONAL PROPERTY
This contract does not involve the purchase of Tangible Personal Property, as defined in Chapter 273, FS.
**END OF EXHIBIT B – METHOD OF COMPENSATION**
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