Agenda - 08-17-1993 - III-D - Laserfiche WebLink

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Page 4 of 20 The Contractor shall initiate and prosecute to completion all actions necessary to enable the Contractor to provide its share of project costs at or prior to the time that such funds. are needed to meet project costs. The Contractor shall provide its share of project costs from sources other than FTA funds. Any costs for work not eligible for Federal and State participation shall be financed one hundred percent (100%) by the Contractor. (a) Administrative Expenditures. In order to assist the Contractor in financing the administrative costs of the project, the Department shall reimburse the Contractor up to the percentage specified in the Approved Project Budget of allowable administrative costs which shall be determined by available funding. (b) Operating Expenditures. In order to assist in financing the operating costs of the project, the Department shall reimburse the Contractor for the lesser of the following: (1) the balance of unrecovered operating expenditures after deducting all farebox and other operating revenues, or (2) up to the percentage specified in the Approved Project Budget of the allowable total operating expenditures which shall be determined by available funding. (c) Capital Expenditures. In order to assist the Contractor in financing the capital costs of the project, the Department shall reimburse the Contractor up to the percentage specified in the Approved Project Budget of allowable costs which shall be determined by available funding. (d) Payment. The Contractor shall submit itemized invoices to the Department not more frequently than monthly, nor less frequently than quarterly, reporting on the Department's Uniform Public Transportation Accounting System (UPTAS) invoicing forms furnished by the Department for work performed under this Agreement. Invoices shall be supported by