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Pavment reauests to the Apencv are not produced directlv by the <br />contractor and will have no imoact on the contractor. Payment requests are <br />produced by the County/Transit District to the Agency. <br />This project has five apecific components subject to reimbursement. Four of <br />theae components Streetscape, Weather Protection, Traffic Signals, and Public <br />Utilities are being bid with each having a total base bid amount. (The fifth <br />component On-Street Tranait Facility is to be bid at a later date.) Each <br />component is broken down with unit coat and quantity ae applicable in the bid <br />form. <br />Thus, it is anticipated that the progreas payments filed by the County/Tranait <br />Diatrict will in fact be requested on a percent complete basis for the base <br />bid of each component. In seeking reimbursement the County/Transit District <br />is expected to provide a"description" identifying the percent complete on <br />each eeparate component. The unit quantity and coat is already identified <br />through the bid and will not be of question unless there exiats a change <br />order. Should a change order be issued and such order require payment to be <br />for a apecific unit or quantity of inatalled product then unite/quantity would <br />be required in the billing description from the County/Transit Dietrict. <br />"-Aleo, while it may not be a problem until the end of the project, we will <br />esaentially have to carry the streetscape payments until we are reimburaed by <br />the City. The construction contract allows twenty days from receipt of the <br />pay app to the payment date. This agreement states that the City will <br />reimburse us thirty days after receipt of the As the streetscape costa will <br />be loaded towards the end of the project, we will need to have funds on hand <br />to make the progress payment". <br />From the inceqtion participation of the Aaencv has been a reimbursement. <br />All past participation conducted by the Agency have been on a reimburaement <br />basis with documented cost. I believe you will find Randy and others who have <br />been involved in this transaction for some time will confirm that the concept <br />of reimbursement was understood early on. A thirty day remittance period is <br />standard for Agency and-City processing of vendor billings. It is likely that <br />procesaing would take less time but due to processing cycles of accounts <br />payable we can not shorten this assurance. <br />CC: RCUrtis <br />