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2021-164-E AMS-Marcus and Millichap 401 Valley Forge Property Sale
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2021-164-E AMS-Marcus and Millichap 401 Valley Forge Property Sale
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Last modified
5/10/2021 11:33:58 AM
Creation date
5/10/2021 11:31:03 AM
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Contract
Date
2/24/2021
Contract Starting Date
2/24/2021
Contract Ending Date
2/24/2021
Contract Document Type
Contract
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DocuSign Envelope ID: D442B3A4-5DOF-49D2-ABA8-60AB45788486 <br /> ii) Should the County determine that the Provider is behind schedule, it may require <br /> the Provider to expedite and accelerate its efforts, including providing additional <br /> resources and working overtime, as necessary, to perform its services in <br /> accordance with the approved project schedule at no additional cost to the <br /> County. <br /> iii) The Commencement Date for the Provider's Basic Services shall be 02/24/2021. <br /> 5. Compensation <br /> a. Compensation for Basic Services. Compensation for Basic Services shall include all <br /> compensation due the Provider from the County for all services satisfactorily (as <br /> determined by the County) performed pursuant to this Agreement. The maximum <br /> amount to be paid under this agreement is a commission in the amount of 4.5% <br /> (Four and one-half percent) of the final sales price of the property that is the <br /> subject of this agreement. Provider shall be responsible for any costs incurred in <br /> the sale of the subject property unless specifically mentioned in this agreement. <br /> In the event the amount stated on an invoice is disputed by the County, the County may <br /> withhold payment of all or a portion of the amount stated on an invoice until the parties <br /> resolve the dispute. Payment for Basic Services shall become due and payable in direct <br /> proportion to satisfactory services performed and work accomplished. Payments will be <br /> made as Project milestones as set out in Section 3(a)(ii) are achieved up to the <br /> corresponding milestone fee. (For example, Provider may invoice for the amount listed <br /> as the milestone fee corresponding to the first milestone task upon County's <br /> acknowledgement of the satisfactory completion of Task one. Upon the County's <br /> acknowledgement that the second Task has been satisfactorily completed Provider may <br /> invoice for that corresponding milestone fee.) Milestone fees shall be the maximum <br /> amount payable for its corresponding milestone task which shall not be altered except by <br /> written amendment. <br /> b. Additional Services. County shall not be responsible for costs related to any services in <br /> addition to the Basic Services performed by Provider unless County requests such <br /> additional services in writing and such additional services are evidenced by a written <br /> amendment to this Agreement. <br /> 6. Responsibilities of the County <br /> a. Cooperation and Coordination. The County has designated (Alan Dorman) to act as the <br /> County's representative with respect to the Project who shall have the authority to render <br /> decisions within guidelines established by the County Manager or the County Board of <br /> Commissioners and who shall be available during working hours as often as may be <br /> reasonably required to render decisions and to furnish information. <br /> 7. Insurance <br /> a. General Requirements. Provider shall obtain, at its sole expense, Commercial General <br /> Liability Insurance, Automobile Insurance, Workers' Compensation Insurance, and any <br /> additional insurance as may be required by County's Risk Manager as such insurance <br /> Revised 07/20 4 <br />
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