Common use of Fixed Fee Clause in Contracts

Fixed Fee. Contractor will be compensated based upon the Firm Fixed Fee amount of [$--------------] ( -------- ------------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor will also be reimbursed on an incurred basis for Reimbursable Expenses in accordance with Contractor’s Reimbursable Expense Schedule (Attachment C), subject to any NTE amounts included in Attachment C. The reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxx-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlines.

Fixed Fee. The Contractor will be compensated based upon the Firm Fixed Fee amount of [$--------------$ ] ( -------- ------------- -- ------------------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor In addition to the Firm Fixed Fee, Contractor’s reimbursable expenses will also be reimbursed on an incurred basis for Reimbursable Expenses compensated in accordance with the Contractor’s Reimbursable Expense Expenses Schedule (Attachment C)) up to, subject but not to any NTE amounts included in Attachment C. exceed, the estimated amount of [$ ]. The reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxx-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments Attachment B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlines.

Fixed Fee. Contractor will be compensated based upon the Firm Fixed Fee amount of [$--------------] ( -------- ------------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor will also be reimbursed on an incurred basis for Reimbursable Expenses in accordance with Contractor’s Reimbursable Expense Schedule (Attachment C), subject to any NTE amounts included in Attachment C. The reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxxmark-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlines.

Fixed Fee. Contractor will be compensated based upon the Firm Fixed Fee amount of [$--------------] ( -------- ------------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor will also be reimbursed on an incurred basis for Reimbursable Expenses in accordance with Contractor’s Reimbursable Expense Schedule (Attachment C), subject to any NTE amounts included in Attachment C. The reimbursable L E expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxxmark-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlines.

Fixed Fee. Contractor will The following provisions apply if the Fee quoted under the “Fee Estimate” heading in our Engagement Agreement is said to be compensated based upon the Firm a “Fixed Fee amount of [$--------------] ( -------- ------------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor will also be reimbursed on an incurred basis for Reimbursable Expenses in accordance with Contractor’s Reimbursable Expense Schedule (Attachment C), subject to any NTE amounts included in Attachment C. The reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxx-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. Fee”: • The Fixed Fee includes all General will be for the Professional Services provided over the financial year listed in our Engagement Agreement (“Payment Year”). The Fixed Fee is incurred by the Client in full on the date that the Client signs the Acknowledgement section of the Engagement Agreement. Compass however agrees to the Fixed Fee being paid in monthly installments to accommodate the Client. • The Fixed Fee will be invoiced at the time of engagement but will be payable in equal monthly installments as described in the schedule to the Engagement Agreement and Administrative Overhead; all Contractor administrative functions are understood due on or before the 7th of each month unless stated otherwise in the Engagement Agreement. • You are required to keep track of the monthly installment requirements, however a statement may be requested to be compensated through issued from our office. • If we have agreed separately with you that the Contractor’s Fixed Feemonthly installments will be paid by direct debit, and only administrative assistance that it is your responsibility to ensure there is adequate funds in direct support of production your account each month for payment of the deliverables monthly installment. If the direct debit in any month does not go through, we will re-process the direct debit within the next 7-days, but a fixed reprocessing fee with apply as described in the Contract Scope schedule to the Engagement Agreement. • The Professional Services provided in any one month will not correspond to the payment received that month, for example the Professional Services may be completed in the first 2 months of Work the relevant Payment Year but will be compensated by paid in monthly installments nonetheless. • If the Fixed Feeclient does not meet installment payments within the stated timeframes of the Engagement Agreement, at Compass’ sole discretion we may cease to continue to provide any further Professional Services until the outstanding installments are settled in full, or until to the end of the agreed Term of the Engagement as per the Engagement Agreement. Final • If the Client terminates Compass’ engagement at any time during the Payment shall not Year or before Compass has completed the Professional Services for that Payment Year the balance of the then remaining monthly installments for that Payment Year will become due and payable or will be made until, recoverable as a minimum, review liquidated sum due and approval by VEIC payable within 7 days of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception termination of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (engagement in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlinesfull.

Fixed Fee. Contractor will be compensated based upon the Firm Fixed Fee amount of [$--------------] ( -------- ------------- ---------- ----------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor will also be reimbursed on an incurred basis for Reimbursable Expenses in accordance with Contractor’s Reimbursable Expense Schedule (Attachment C), subject to any NTE amounts included in Attachment C. The reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxx-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlines.

Fixed Fee. Contractor will be compensated based upon CONSULTANT shall invoice all fees and/or costs monthly for the Firm Fixed Fee amount of [$--------------] ( -------- ------------- dollars) for all work specified in the Contract Scope of Work, including all administrative and technical support. Contractor will also be reimbursed on an incurred basis for Reimbursable Expenses Basic Services that are provided in accordance with Contractor’s Reimbursable Expense Schedule this AGREEMENT and TASK ORDER from the time the CONSULTANT begins work on the PROJECT. The CONSULTANT shall submit one (Attachment C1) invoice monthly to the DISTRICT detailing all the fees associated with the applicable progress to completion percentage, reimbursable expenses (if any), subject and Additional Services (if any) incurred for the monthly billing period. Invoices requesting reimbursement for expenses incurred during the billing period must clearly list items for which reimbursement is being requested and be accompanied by proper documentation (e.g., receipts, invoices), including a copy of the DISTRICT’s authorization notice for the invoiced item(s), if applicable. Invoices requesting payment for Additional Services must reflect the negotiated compensation previously approved by the DISTRICT and include a copy of the DISTRICT’s written authorization notice approving the Additional Services and the additional compensation approved by the DISTRICT. No payments will be made by the DISTRICT to the CONSULTANT for monthly invoices requesting reimbursable expenses or Additional Services absent the prior written authorization of the DISTRICT. The DISTRICT’s prior written authorization is an express condition precedent to any NTE amounts included in Attachment C. The payment by the DISTRICT for Additional Services or reimbursable expenses and no claim by the CONSULTANT for additional compensation related to Additional Services or reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxx-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without valid absent such prior written approval by VEIC. The schedule of rates set forth on Attachments B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlinesDISTRICT.

Fixed Fee. The Contractor will be compensated based upon the Firm Fixed Fee amount of [$--------------] ( -------- ------------- --- ------------------ dollars) for all work specified in the Contract Contractor Scope of Work, including all administrative and technical support. Contractor In addition to the Firm Fixed Fee, Contractor’s reimbursable expenses will also be reimbursed on an incurred basis for Reimbursable Expenses compensated in accordance with the Contractor’s Reimbursable Expense Expenses Schedule (Attachment C)) up to, subject but not to any NTE amounts included in Attachment C. exceed, the estimated amount of [$ ]. The reimbursable expenses shall be charged to VEIC at Contractor’s actual cost, with no xxxx-up. No obligations for expenses beyond the estimated amount in Attachment C shall be reimbursed without prior written approval by VEIC. The schedule of rates set forth on Attachments Attachment B and C shall not change during the Term of this Contract, with the exception of mileage, which will be adjusted on a calendar year basis in accordance with changes in the IRS approved mileage rate for use of a personal automobile. Invoices shall be submitted monthly, based on the percentage completion of the Contract Contractor Scope of Work, and shall indicate the work progressed on Scope components that is being invoiced; for reimbursable expenses invoices will show the tasks for which each expense was incurred. Prior to making any monthly payment, VEIC may request supporting documentation from the Contractor evidencing the completion of such work scope and achievement of any related milestones or deadlines set forth in Attachment A. The Fixed Fee includes all General and Administrative Overhead; all Contractor administrative functions are understood to be compensated through the Contractor’s Fixed Fee, and only administrative assistance that is in direct support of production of the deliverables in the Contract Scope of Work will be compensated by the Fixed Fee. Final Payment shall not be made until, as a minimum, review and approval by VEIC of the final deliverables is completed. If, following completion of such deliverables and final payment, VEIC determines that the deliverables contain errors or omissions, Contractor shall promptly correct such errors or omissions at no further cost to VEIC. Contractor acknowledges that it is required to complete the Contract Contractor Scope of Work in return for the Firm Fixed Fee and Contractor shall not be entitled to any additional compensation hereunder, with the exception of the reimbursable expenses described herein. In cases where VEIC requests an amendment to the previously agreed upon Contract Contractor Scope of Work that is subject to a Firm Fixed Fee, VEIC and Contractor shall amend this Contract to include the additional scope and adjust the Firm Fixed Fee (in a manner consistent with how the original Fixed Firm Fee was determined) and any relevant deadlines.