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Romtec, Inc. City of Everett, Washington <br />Page 1 of 1 <br /> <br /> <br /> <br />Thank you for the purchase order for the Everett sidewalk restrooms package. Romtec <br />is proposing the following standard payment schedule to the City of Everett for this <br />project. <br /> <br />Milestones: <br /> <br />50% of total contract value due upon Romtec delivering the final approved design submittal <br />and the customer providing Notice to Proceed on Production (see note below defining Notice <br />to Proceed on Production), or six (6) months from receipt of signed contract, whichever <br />comes first. <br />Note: Notice to Proceed on Production is defined as the customer providing Romtec with <br />signed submittal approval and written notice to proceed on production of the order. <br />50% of total contract value Due Net 30 from delivery. <br /> <br />Special Note: Romtec does not accept partial payments, any offsets, and/or retainage <br />relative to the above payment milestones. Payment is not conditional upon customer <br />receiving payment from any third party, and payment will not be withheld from Romtec for <br />any reason beyond Romtec’s control. Unauthorized deviation from the payment schedule <br />will void any credit terms extended by Romtec, and any current or remaining milestones will <br />be subject to prepayment in full. <br />Please sign and return to accept this payment schedule. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />___________________________ _______________ <br /> <br />Signature Date <br />Cassie Franklin 04/11/2023