Resolution 2002-20 - Laserfiche WebLink

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Exhibit B shall be on a "lump sum" basis, in accordance with the rates described in Exhibit C, subject to the maximum amount described above. The Contractor will bill the State monthly and the State will pay such bills within 60 days. F. The State reserves the right to determine the quality and adequacy of the work by the Contractor under this contract. The State will notify the Contractor in writing of any deficiency in the work. Upon notice of any deficiency in the work, either: a) by the State; or b) by its own observation; or c) by any other means, the Contractor shall take action as soon as possible but not later than 24 hours after such notice to correct the deficiency and to protect the safety of the traveling public. In the event the Contractor, for any reason, does not or cannot correct the deficiency within 24 hours, the State reserves the right to correct the deficiency and to deduct the actual cost of such work from the subsequent payments to the Contractor, or to bill the Contractor for such work. G. The Contractor will maintain adequate cost records for the work in accordance with acceptable accounting practices to determine the quality and adequacy of the control devices, both operationally and mechanically, to perform their intended function. Said records shall be available for review and audit by the State during normal working hours during the contract period and for 3 years from the date of payment to the Contractor. Upon notice, and upon mutual consent, the parties hereto may change this record requirement. H. The State will, through its Region Transportation Director, monitor this contract. Contractor shall address all correspondence and billings to the Region Transportation Director at: Karla Harding Region Transportation Director, Region 4 1420 2nd Street Greeley, Colorado 80631 I. Pursuant to Section 42-4-601 (2), C.RS., as amended, the State hereby grants permission to the Contractor to maintain the traffic devices described in Exhibit B as required by the terms of this contract. J. This Contract shall be for a term of Five (5) years. K. This contract shall be effective from the date it is signed by the State Controller or his 4