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SECTRAN SECUITY INC.
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Last modified
10/9/2020 11:05:32 AM
Creation date
10/9/2020 11:03:24 AM
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Contracts
Company Name
SECTRAN SECUITY INC.
Contract #
N-2020-168
Agency
Finance & Management Services
Expiration Date
6/30/2022
Insurance Exp Date
11/22/2020
Destruction Year
2027
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TERMS AND CONDITIONS <br />1. Service: SECTRAN agrees to pick up, receive from, and/or deliver to CUSTOMER, or any designated agent, securely sealed or <br />locked shipments which may contain any or all of the following: currency, coin, checks, securities, or other valuables. If the shipment <br />containers) does not appear to be securely locked or sealed, SECTRAN reserves the right to refuse to accept such container(s) and will <br />not receive said container(s) from the CUSTOMER or its designated agent. If SECTRAN accepts sealed container(s), SECTRAN will give <br />CUSTOMER a receipt for said sealed container(s), transport and deliver such sealed container(s) to the consignee designated by the <br />CUSTOMER. CUSTOMER agrees that it will not conceal or misrepresent any material fact or circumstances concerning the property <br />delivered to SECTRAN pursuant to this Agreement. The fee payable by CUSTOMER to SECTRAN is based upon the agreed upon liability <br />limit(s) and level(s) of service provided by SECTRAN as stated in this Agreement. If additional or special services are required, <br />CUSTOMER and SECTRAN agree to negotiate fees for these other services. Before these other services commence, a written <br />amendment will be attached to this Agreement confirming these additional services. If other services are provided prior to the execution <br />of a written amendment, the fees to be charged will be the standard fees quoted for such service by SECTRAN. <br />3. Rate Adjustment: SECTRAN shall annually increase the service fee(s) based upon the year to year changes in the Consumer Price <br />Index (CPI) or other applicable economic factor(s). <br />To account for future movements in the price of diesel fuel, up and down, SECTRAN will henceforth adjust the monthly fuel fee based on <br />average California diesel prices as measured and published by the Department of Energy (WWW.EIA.DOE.GOV). SECTRAN's <br />established baseline is $1,31. Any cost above the $1.31 baseline cost will be adjusted on a monthly basis by 0.5% on price movements <br />of 10 cents per gallon (i.e. if diesel prices rise to $1.41, the corresponding fuel fee is increased by 0.5%). Each party will be able to <br />monitor and keep track of the adjustments easily. The fuel fee rate change reflected on the invoice will be based on national average <br />diesel prices published on the Department of Energy Website. The calculation is the average of the California prices for the frst four <br />Mondays of the month rounded to the next cent. The table is for reference only and as such, does not reflect the maximum rate which <br />might be assessed. <br />Minimum <br />Maximum <br />Per Gallon <br />Fee (%) <br />$4.91 <br />$5.00 <br />$.10 <br />18.00% <br />$4.81 <br />$4.90 <br />$ .10 <br />17.50% <br />$4.71 <br />$4.80 <br />$.10 <br />17,00% <br />$4.61 <br />$4,70 <br />$.10 <br />16,50% <br />$4.51 <br />$4.60 <br />$.10 <br />16,00% <br />$4.41 <br />$4.50 <br />$.10 <br />16,60% <br />$4.31 <br />$4.40 <br />$.10 <br />15 00% <br />$4.21 <br />$4.30 <br />$ .10 <br />14.50% <br />$4.11 <br />$4.20 <br />$ .10 <br />14.00% <br />$4.01 <br />$4.10 <br />$ .10 <br />13.50% <br />$3.91 <br />$4.00 <br />$ .10 <br />13.00% <br />$3.81 <br />$3.90 <br />$.10 <br />12.50% <br />$3.71 <br />$3.80 <br />$ .10 <br />12.00% <br />$3.61 <br />$3.70 <br />$ .10 <br />11.50% <br />$3.51 <br />$3.60 <br />$ .10 <br />11.00% <br />$3.41 <br />$3.50 <br />$ .10 <br />10.50% <br />$3.31 <br />$3.40 <br />$ .10 <br />10.00% <br />$3.21 <br />$3.30 <br />$.10 <br />9.50% <br />$3.11 <br />$3.20 <br />$ .10 <br />9.07-70 <br />Updated: July 2020 CONFIDENTIAL Page 2 <br />
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