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Buhlig <br />Wolvington <br />Technical <br />Clerical <br />�:�'� <br />48 <br />43 <br />32 <br />27 <br />Expenses incurred will be reimbursed at the following rates: <br />Mileage <br />Photocopying <br />Telephone <br />Project Materials <br />Travel Expenses <br />Other Expenses <br />Subcontractors <br />$0.26/mile <br />At Cost <br />At Cost <br />At Cost <br />At Cost <br />At Cost <br />At Cost <br />Expenses incurred by Hydrosphere in connection with the work will <br />be billed directly at actual cost without addition of <br />administrative fees. Expenses considered reimbursable under this <br />Agreement include travel and subsistence, use of motor vehicles on <br />a mileage or rental basis, telephone charges, reproduction costs, <br />postage and shipping charges, computer software charges, and costs <br />of acquiring any o�.her materials or professional services <br />specifically required for the work. <br />Aydrosphere will submit monthly invoices to the District <br />stating the labor cost and expenses for the preceding month. 90� <br />of the invoiced amounts is due within forty-five days of the date <br />of the invoice. The remaininq 10� shall be retained until the <br />Model is completecl satisfactorily and finally accepted by the <br />District. Amounts not paid within forty-five days after billing, <br />except the 10% withheld until final completion of the Model, will <br />accrue interest at the rate of 1.5% per month. The total amount <br />billed to and payable by the District shall not exceed $50,000, <br />without prior written consent of the District. <br />Hydrosphere will maintain books and accounts of their costs in <br />accordance with generally acGepted accounting principles and <br />practices. Upon reasonable advance request, the District may <br />inspect and copy any or all records of Hydrosphere which would bear <br />on any amounts charged to the District pursuant to this Agreement. <br />Hydrosphere shall include with its invoice for final payment <br />a letter certiiying that it has no further claim for compensation <br />or reimbursement due it pursuant to the terms of this Agreement. <br />VI. INSIIRANCE COVERAGE AND INDEMNIFICATION <br />Hydrosphere will maintain general liability insurance coverage <br />in an amount of $2,000,00o for the duration of the work. This <br />insurance will protect Hydrosphere, the District, and the Colorado <br />Water Conservation Board by providing comprehensive coverage for <br />personal injury and property damage arising from actions of <br />