IV. Pricing
The cost for the services described above are as follows:
KSU agrees to pay contractor $5,000 per month for the term of this contract and for the services provided in the scope of services. KSU also agrees to reimburse contractor for any reasonable and related expenses incurred for providing the services identified in the Scope of Contract section. Reasonable and related expenses shall include any ethics commission registration fee and shall not exceed $2,000.00. All reasonable and related expenses shall be pre-approved by KSU.
The Contractor's fee for the scope of work during the initial term of this contract shall not exceed $52,000.00. For the renewable period, however, the Contractor's fee shall not exceed $62,000.00.
1. Invoicing
The Contractor shall submit invoices to Kentucky State University via email to purchasing@kysu.edu who shall review the invoice(s) with the managing office(s) for approval. Upon approval, the invoice(s) shall be forwarded to accounts.payable@kysu.edu
Payment for services will be made upon receipt of an approved invoice using the Personal Service Contract (PSC) Invoice Form. Payment terms are net thirty (30) days.
Invoices for services must include an original signature, as well as the following: the contact number, the dates of service, the total number of hours worked, a description of services provided, and the total amount due.
Pursuant to KRS 45A.695, no payment shall be made on any personal service contract unless the individual, firm, partnership, or corporation awarded the personal service contract submits its invoice for payment on a form established by the Legislative Research Commission, Government Contract Review Committee.
The invoice form is available on the Legislative Research Commission, Government Contract Review Committee website https://apps.legislature.ky.gov/moreinfo/contracts/homepage.html
Travel:
Not applicable.
2. Terms and Conditions
Contract Effective Date
The initial term of this PSC is effective and binding September 1, 2022.
Contract
This Personal Service Contract shall represent the entire agreement between the parties. Prior negotiations, representations, or agreements, either written or oral, between the parties hereto relating to the subject matter hereof shall be of no effect upon this Contract.