Common use of Concept Phase Clause in Contracts

Concept Phase. Per the Memorandum of Understanding, all ODOT and PWB waterline initial design and review costs during the Concept Phase, prior to June 14, 2021, and consultant work included in contract amendment #1, will be shared equally between Agency and ODOT. The total cost of the Concept Phase is $411,000. Agency shall pay ODOT $126,500 to complete Agency’s 50% share. Breakdown is as follows: i. PWB costs were $79,000. ii. ODOT costs were $42,000 for ODOT review and $290,000 in consultant fees for a total of $332,000 iii. Concept Phase Total = $411,000 iv. 50% = $205,500, v. PWB responsibility is $205,500 - $79,000, or $126,500. At the time this IGA is executed, PWB shall pay ODOT $126,500 for PWB’s share of Concept Phase work.