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CITY OF RANCHO PALOS VERDES <br /> PROFESSIONAL/TECHNICAL SERVICES AGREEMENT <br /> THIS AGREEMENT ("Agreement") is made and entered into this 10th day of <br /> February, 2015, by and between the City of Rancho Palos Verdes (hereinafter referred <br /> to as the "CITY") and MV Cheng &Associates (hereafter referred to as "CONSULTANT"). <br /> IN CONSIDERATION of the covenants hereinafter set forth, the parties hereto <br /> agree as follows: <br /> ARTICLE 1 <br /> SCOPE OF SERVICES <br /> 1.1 Project Description <br /> The Project is described as follows: temporary professional accounting <br /> services. <br /> 1.2 Description of Services <br /> CONSULTANT shall provide a professional accountant able to perform <br /> work at the level of an Accounting Manager. The professional accountant shall perform <br /> accounting work including, but not limited to, general ledger reconciliation, pre-audit of <br /> certain tax revenue sources, and assistance with preparing financial reports. <br /> 1.3 Schedule of Work <br /> CONSULTANT's professional accountant shall perform work at CITY <br /> offices between the hours of 7:30 a.m. and 5:30 p.m., Monday through Thursday. <br /> ARTICLE 2 <br /> COMPENSATION <br /> 2.1 Fee <br /> CITY agrees to compensate CONSULTANT at the rate of seventy-five <br /> dollars ($75) per hour worked, not to exceed an aggregate total of twenty-five thousand <br /> dollars ($25,000) for the services described in Article 1. <br /> 2.2 Terms of Compensation <br /> CONSULTANT shall submit monthly invoices for hours worked during the <br /> monthly period. CITY agrees to authorize payment for all undisputed invoice amounts <br /> within thirty (30) days of receipt of each invoice. CITY agrees to use its best efforts to <br /> notify CONSULTANT of any disputed invoice amounts or claimed completion <br /> percentages within ten (10) days of the receipt of each invoice. However, CITY's failure <br /> to timely notify CONSULTANT of a disputed amount or claimed completion percentage <br /> shall not be deemed a waiver of CITY's right to challenge such amount or percentage. <br /> Page 1 of 9 <br /> R6876-000111794077v1.doc Public Works Agreement <br />