BC 1994 02 07 - Laserfiche WebLink

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3O o o 10. 11. C. Create a cost savings plan which will identify and implement actions and modifications which are guaranteed to be full and completely transparent to the county's business operations and imperceptible in any fashion except in the form of reduced billing. The County agrees as follows: A. It will retain Specialists as its exclusive utility consultants; B. It will provide Specialists with the last twelve (12) months of its telephone bills and energy bills. C. It will compensate Specialists as follows: For refunds or credits from any utility company the fee will be fifty percent (50%) of the refunds and/or credits that result from the Specialists~ audit. This fee will be payable upon receipt of the refund or credit. The fee for the cost savings plan, as described above, will be fifty percent (50%) of the savings demonstrated over a twenty-four (24) month period following the implementation of the audit. The parties agree that the term of this contract is twenty-four (24) months. The parties agree that in the event the County is required to make any expenditures whatsoever to obtain equipment/services to implement the cost savings, the county's approval will be obtained in advance by Specialists and the amount will be fully deducted from the savings sum and commission calculated on the balance. The parties further agree that the following actions will be excluded as a fee item under the cost savings plan: A. N/A B. N/A The parties further acknowledge that if the County does not receive a refund/credit or expense reduction, there will be no fee for the Specialists' services. The parties also acknowledge that should the County fail to pay any fee or part thereof when due, specialists will be entitled to recover all costs of litigation including reasonable attorney, fees for all interest to collect audit fees. Specialists retains the exclusive right to conduct any utility audit during the term of this agreement which is from the date of the County's acceptance until the implementation of the plan as described above. During this period, should any in- house review or any other vendor, business, or entity conduct any analysis or audit, Specialists will be entitled to the fifty percent (50%) fee produced by the plan, credits or refund. The parties acknowledge that all or a portion of any fee due under this agreement may be payable directly to the Specialists audit affiliate, American Entrepreneurial Research Group, Inc., d/b/a American Institute. The parties acknowledge that the County has fifteen (15) days after implementation of the Cost Savings Plan to advise Specialist of any modification which may be necessary. The parties acknowledge that this agreement constitutes the entire and complete understanding of the parties and supersedes and replaces all previous written and verbal agreements. This the 7th day of February, 1994. ATTEST: /s/ Frankie F, Bonds ATTEST: CABARRUS COUNTY /s/ John Witherspoon John Witherspoon, County Manager UTILITIES REDUCTION SPECIALISTS By: Steven D. Mann, President