My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Amendment 3 Premier Golf Centers (PGC Interbay) LLC
>
Contracts
>
6 Years Then Destroy
>
2019
>
Amendment 3 Premier Golf Centers (PGC Interbay) LLC
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/12/2017 9:20:17 AM
Creation date
6/12/2017 9:20:15 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
Premier Golf Centers (PGC Interbay) LLC
Approval Date
5/4/2017
Council Approval Date
4/26/2017
End Date
12/31/2019
Department
Parks
Department Project Manager
Lori Cummings
Subject / Project Title
Golf Management
Amendment/Change Order
Amendment
Amendment/Change Order Number
3
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Professional Services
Retention Period
6 Years Then Destroy
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A <br /> CHANGES TO SCOPE OF WORK <br /> Attachment 1, Section J of the Scope of Work is amended as follows: <br /> 1. Table 1 is amended to add columns for 2018 and 2019: <br /> Minimum Threshold Amount(in millions) <br /> 2018 2019 <br /> 2.325 2.350 <br /> Table 1 <br /> 2. Table 2 is amended to add columns for 2018 and 2019: <br /> Incentive Structure <br /> Category Incentive % 2018 2019 <br /> Gross Profit Gross Profit in <br /> in Millions Millions <br /> 1 10 2.325-2.375 2.350-2.40 <br /> 2 12 2.375-2.425 2.40-2.45 <br /> 3 14 2.425-2.475 2.45-2.50 <br /> 4 16 2.475-2.525 2.50-2.55 <br /> 5 18 2.525-2.575 2.55-2.60 <br /> 6 20 2.575+ 2.60+ <br /> Table 2 <br /> 3. For 2018 and 2019, subsections f and g are amended to read as follows: <br /> f. For the year 2018,the minimum threshold for gross operating profit to <br /> earn an incentive payment is $2.325 million($2,325,000.00). For 2019, <br /> this rises to $2.350 million. <br /> g. The percentage incentive payment to the Contractor increases based upon <br /> the gross operating profit range. For example, if in calendar year 2018, <br /> the gross operating profit is two million four hundred fifty thousand <br /> dollars ($2,450,000.00), the incentive payment to the Contractor would be <br /> fourteen thousand five hundred dollars ($14,500) based on the following: <br /> Gross Profit—Threshold= $2,450,000 - $2,325,000 = $125,000 <br /> Amount used to calculate <br /> incentive payment <br /> Category 1 Incentive $50,000 x 10% = $5000 <br /> Category 2 Incentive $50,000 x 12%= $6000 <br /> Category 3 Incentive $25,000 x 14%= $3500 <br /> Total Incentive Payment $14,500 <br /> 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.