RES 344 Draft 01 2008-2010 - Laserfiche WebLink

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In full consideration for the sery ices performed by the CONTRACTOR under this Contract, the STATE agrees, subject to receipt of federal funds under the Federal Grant and subject to allotments to be made by the Director of Finance, State of Hawaii, pursuant to Chapter 37, Hawaii Revised Statutes, to pay to the CONTRACTOR a total sum of money not to exceed TWO HUNDRED SIXTY -SEVEN THOUSAND, NINE HUNDRED TWENTY TWO AND NO /100 DOLLARS ($267,922.00), consisting of TWO HUNDRED SEVENTEEN THOUSAND, NINE HUNDRED TWENTY -TWO AND NO /100 DOLLARS ($217,922.00) of federal funds to be received under the Federal Grant and FIFTY THOUSAND AND NO /100 DOLLARS ($50,000.00) of state funds, which shall be paid in accordance with and subject to the following: a. Payments shall be made in quarterly installments upon the quarterly submission by the CONTRACTOR of invoices in triplicate for the services provided in accordance with Attachment-S1, "Scope of Services," and in accordance with the costs identified in the Budget, attached hereto as Exhibit "A" and made a part hereof. The STATE shall withhold the last quarterly installment until final settlement of this Contract. b. Quarterly installments shall be made on a cost reimbursement basis. Invoices shall be accompanied by expenditure reports for the billing month and certified by the CONTRACTOR to contain expenditures actually incurred for the services provided under this Contract. c. The expenditure reports shall be reviewed by the STATE and shall be subject to the STATE's preliminary determination of appropriateness and allowability of the reported expenditures. The STATE's preliminary determination of appropriateness and allowability of the reported expenditures shall be subject to later verification and subsequent audit. AG -012 Rev 11/15/2005 1 STATE OF HAWAII Attachment — S2 COMPENSATION AND PAYMENT SCHEDULE HA- ADRChd- 2010 -N