R93-02 AUTHORIZING AGREEMENT WITH IDOT & CSX TRANSPORTATION, INC.

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In the event of any loss of mater�al after payment, the COMPANY will replace the material at no cost to the STATE or LA. The storage area of such ma�terials • shall be available for STATE and LA inspection upon 24-hour notice. The bill shall be accompanied by a voucher from the material supplier indicating payment by'�the � COMPANY. Payment under this paragraph shall not be claimed for any bill totaling less than $500. In the event the COMPANY fails to install the stored material within an . 18-month period subsequent to payment to the COMPANY, the COMPANY shall prompt]y deliver the stored material to the STATE at a location indicated in a written notice to the COMPANY. Upon delivery, the STATE shall then take possession of said material for the STATE'S own use. The delivery of the material to the STATE shall ' in no wa�y serve to terminate this agreement or affect the other provisions of this agreement and in addition shall not affec t the COMPANY'S right to claim paymant for stockpiled material to replace that taken by the STATE. SECTION 6. The COMPANY, for performance of its work as herein specified, may bill the STATE monthly (in sets of two) for the STA7E'S 85% share of its expense as incurred. In addition, the COMPANY may bill the LA monthly (in sets of two) for the LA'S 15� share of the expenses incurred. These progressive invoices may be rendered on the basis of the estimated percentaye of the work completed, plus al ]owable additives. The STATE, and the LA, after verifying that� the bills are reasonable and proper, shall promptly reimburse the COMPANY for 95� of the amount billed. Payment under this paragraph shall not be claimed for any bill totaling less than $500. � The COMPANY, upon completion of its work, shall promptly render to the STATE a detailed final statement (in sets of two) of its actual expenses as incurred. In addition, the COMPANY shall submit (in sets of two) a final -3- .