4-Exhibit B - Method of Compensation (SAMPLE).pdf

DOT-ITB-25-4001-CO

EXHIBIT B – METHOD OF COMPENSATION

B - 1 of 3

State of Florida Department of Transportation

EXHIBIT B – METHOD OF COMPENSATION

(SAMPLE)

DISTRICTWIDE DATA NETWORK STRUCTURED CABLING

SYSTEM FOR

FLORIDA DEPARTMENT OF TRANSPORTATION

DISTRICT 4

FINANCIAL PROJECT NUMBER: 450052-2-52-01

http://www.fdot.gov/

B - 2 of 3

1.0 PURPOSE:

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

2.0 COMPENSATION:

For the satisfactory performance of services detailed in Exhibit "A", the Vendor shall be paid up to a Lump Sum Amount of $ 365,540.00. The Lump Sum Amount consists of the following Progress payments:

Deliverable Time Frame Progress Payments

Within 30 days of issuance of the Notice to Proceed.

Deliverable I 90 Business days from the receipt of the Notice to Proceed

Lump Sum amount for completion of project at Location:

Treasure Coast Operations Center 3601 Oleander Ave, Fort Pierce

FL 34982.

Deliverable II 90 Business days from completion of Deliverable I

Lump Sum amount for completion of project at Location:

Palm Beach Operations Center 7900 Forest Hill Blvd., West Palm Beach, FL 33413.

Deliverable III 60 Business days from completion of Deliverable II

Lump Sum amount for completion of project at Location:

Broward Operations Center 5548 NW 9th Avenue, Fort Lauderdale, FL 33309.

The Lump Sum Amount for each includes all related costs for the Project including but not limited to the costs of final production, freight, and installation.

3.0 PROGRESS PAYMENTS:

The Vendor shall submit an invoice (3 copies) upon completion of each Deliverable in a format acceptable to the Department. Payment shall be made to the Vendor for the satisfactory completion of each Deliverable as approved by the Department.

Payment shall be made to the Vendor for services provided plus actual allowable costs. The invoice shall include documentation of Deliverables completed and

B - 3 of 3 itemization of costs incurred (including receipts).

Invoices shall be submitted to:

Florida Department of Transportation, District 4 Office of Information Technology (OIT)

3400 West Commercial Boulevard Fort Lauderdale, Florida 33309

Attention: John Brozic Email: john.brozic@dot.state.fl.us

Phone #: 954-777-4562

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.

5.0 TANGIBLE PERSONAL PROPERTY:

This contract does not involve the purchase of Tangible Personal Property, as defined in Chapter 273, F.S.

6.0 FINANCIAL CONSEQUENSES:

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 IX, Page 8.

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

mailto:john.brozic@dot.state.fl.us https://www.fdot.gov/equalopportunity/eoc.shtm mailto:EOOHelp@dot.state.fl.us

FINANCIAL PROJECT NUMBER: 450052-2-52-01