Corvel Enterprise Comp Inc 6/13/2018

"Initial Term"). The Agreement will automatically renew for additional successive one year terms, unless Service Provider or the City give written notice of nonrenewal to the other party no later than 30 days before the end of the then-current term. 4. Compensation. A. The City shall pay the Service Provider only for completed Work and for services actually rendered which are described herein. Such payment shall be full compensation for Work performed or services rendered, including, but not limited to, all labor, materials, supplies, equipment and incidentals necessary to complete the Work. B. The Service Provider shall be paid such amounts and in such manner as described in Exhibit B Section II (Service Fees). The prices shown in Exhibit B will not change during the Initial Term. After the Initial Term, the prices shown in Exhibit B may only be changed by amendment to this Agreement. No later than 90 days before the end of the then-current term, the Service Provider may provide the City a written notice of request for price increase for the next one year term. This price increase must be not greater than the increase in the consumer price index (CPI-U for the greater Seattle area, published by the Bureau of Labor Statistics, United States Department of Labor or successor index) over the preceding year. The City will evaluate the request to determine if revising the price is fair and reasonable. This determination is in the City's sole discretion. The City will in writing either accept or reject the request within 30 days after receipt of the request. Failure of the City to so respond within such 30 days means that the City has rejected the request. If the City accepts the request, the City and Service Provider will execute an amendment to this Agreement with a new Exhibit B. This amendment may be executed on behalf of the City by the City's Purchasing Manager. C. If Service Provider fails or refuses to correct its work when so directed by the City, the City may withhold from any payment otherwise due an amount that the City in good faith believes is equal to the cost to the City of correcting, re-procuring, or remedying any damage caused by Service Provider's conduct. 5. Method of Payment. A. To obtain payment, the Service Provider shall, unless directed otherwise in writing by the City's Purchasing Manager: (a) file its request for payment, accompanied by evidence satisfactory to the City justifying the request for payment; (b) submit a report of Work accomplished and hours of all tasks completed; (c) to the extent reimbursement of Eligible Expenses is sought, submit itemization of such expenses and, if requested by the City, copies of receipts and invoices; and (d) comply with all applicable provisions of this Agreement. Service Provider shall be paid no more often than once every thirty days. B. All requests for payment should be sent to: City of Everett Page 2 Workers Compensation PSA 2018