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provision of this Agreement or the application of the Agreement to the parties, shall not be affected <br /> thereby. <br /> P. TIMELINESS. The Parties recognize and agree that time is important in this Agreement as is <br /> consistent with the applicable professional standard of care. <br /> SECTION V. PAYMENT <br /> A. BASIS OF BILLING. City shall pay the Consulting Engineer for all services rendered under <br /> Section II Phases A through F an amount based on the attached rate sheet(Labor Costs times <br /> 1.00 ) for services rendered by principals and employees assigned to the Project. <br /> Labor Costs used as a basis for payment means salaries and wages (basic and incentive)paid to <br /> all personnel engaged directly on the Project,including but not limited to, engineers, architects, <br /> surveyors,designers, draftsmen, specification writers,estimators,other technical personnel, <br /> stenographers,typists and clerks; and also includes indirect payroll related costs or fringe <br /> benefits. For the purposes of this Agreement,the principals and employees of the Consulting <br /> Engineer and their hourly direct labor costs are set forth in Exhibit H hereto. <br /> B. SUBCONSULTANT. The City shall pay the Consulting Engineer for services and <br /> reimbursable expenses of subconsultants and laboratory fees engaged by the Consulting Engineer <br /> with the approval of the City's Representative,the amount billed by the Subconsultant to the <br /> Consulting Engineer times an approved multiplier of 1.10 <br /> C. REIMBURSABLE EXPENSES. In addition to payments provided for in paragraphs A and B <br /> of this Section,the City shall pay the Consulting Engineer the actual costs of all Reimbursable <br /> Expenses incurred in connection with all Basic and Additional Services. Reimbursable Expenses <br /> means the actual expenses incurred directly in connection with the Project for transportation costs <br /> on the basis of actual cost if public transportation is used, subsistence incidental thereto,toll <br /> telephone calls, lodging/meals,reproduction of reports, drawings, specifications and similar <br /> project-related items in addition to those required under Section II. <br /> If the Consulting Engineer's vehicles are used on the project,the City shall pay the Consulting <br /> Engineer the current Internal Revenue Service standard mileage rate per mile for use of the <br /> vehicle. <br /> D. PAYMENT FOR WORK COMPLETED <br /> 1. Monthly Progress Pa mY ents. Monthly progress payments may be requested by the Consulting <br /> Engineer for work satisfactorily completed in accordance with this contract and shall be made by <br /> the City to the Consulting Engineer as soon as practicable upon submission of statements <br /> requesting payment by the Consulting Engineer to the City. Each statement shall be accompanied <br /> by an Invoice Data Sheet as shown in Exhibit 1. If the Consulting Engineer prefers, the Invoice <br /> Data sheet may serve as the Consulting Engineer's invoice. <br /> 2. MonthlProgress Reports. The Consulting Engineer shall prepare a monthly progress report <br /> indicating the amount of work completed based on the approved scope of work and any approved <br /> addendums. The Consulting Engineer shall also prepare a progress chart showing the upper limit <br /> of compensation approved by the contract,the planned time of completion, the estimated <br /> completion to date,the percentage of the approved contract amount earned, the percentage of <br /> elapsed time,and the currently forecasted amount of work required to complete the project. The <br /> 8 <br /> Last Revised:2/03/2022 <br />