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Home My WebLink AboutContract AGREEMENTFORTRANSPORTATIONASSESSMENTSERVICES THISAGREEMENT,datedforreferencepurposesonlyasNovember29,2022,isbyandbetween theCityofRenton(the“City”),aWashingtonmunicipalcorporation,andTranspoGroupUSA, Inc.(“Consultant”),.TheCityandtheConsultantarereferredtocollectivelyinthisAgreementas the“Parties.”OncefullyexecutedbytheParties,thisAgreementiseffectiveasofthelastdate signedbybothparties. 1.ScopeofWork:Consultantagreestoprovidetransportationassessmentservicesas specifiedinExhibitA,whichisattachedandincorporatedhereinandmayhereinafterbe referredtoasthe“Work.” 2.ChangesinScopeofWork:TheCity,withoutinvalidatingthisAgreement,mayorder changestotheWorkconsistingofadditions,deletionsormodifications.Anysuchchanges totheWorkshallbeorderedbytheCityinwritingandtheCompensationshallbe equitablyadjustedconsistentwiththeratessetforthinExhibitAasotherwisemutually agreedbytheParties. 3.TimeofPerformance:ConsultantshallcommenceperformanceoftheAgreement pursuanttotheschedule(s)setforthinExhibitA.AllWorkshallbeperformedbynolater thanFebruary28,2023. 4.Compensation: A.Amount.TotalcompensationtoConsultantforWorkprovidedpursuanttothis Agreementshallnotexceed$10,000.00,plusanyapplicablestateandlocalsales taxes.Compensationshallbepaidas a flat rate fixed sum baseduponWorkactually performedaccordingtotheamountsspecifiedinExhibitA.Exceptasspecifically providedherein,theConsultantshallbesolelyresponsibleforpaymentofanytaxes imposedasaresultoftheperformanceandpaymentofthisAgreement. B.MethodofPayment.Onamonthlyornolessthanquarterlybasisduringanyquarter inwhichWorkisperformed,theConsultantshallsubmitavoucherorinvoiceinaform specifiedbytheCity,includingadescriptionofwhatWorkhasbeenperformed,the nameofthepersonnelperformingsuchWork,andanyhourlylaborchargeratefor suchpersonnel.TheConsultantshallalsosubmitafinalbilluponcompletionofall Work.PaymentshallbemadebytheCityforWorkperformedwithinthirty(30) calendardaysafterreceiptandapprovalbytheappropriateCityrepresentativeofthe CAG-22-407 PAGE2OF10 voucherorinvoice.IftheConsultant’sperformancedoesnotmeettherequirements ofthisAgreement,theConsultantwillcorrectormodifyitsperformancetocomply withtheAgreement.TheCitymaywithholdpaymentforworkthatdoesnotmeetthe requirementsofthisAgreement. C.EffectofPayment.PaymentforanypartoftheWorkshallnotconstituteawaiverby theCityofanyremediesitmayhaveagainsttheConsultantforfailureofthe ConsultanttoperformtheWorkorforanybreachofthisAgreementbythe Consultant. D.NonͲAppropriationofFunds.Ifsufficientfundsarenotappropriatedorallocatedfor paymentunderthisAgreementforanyfuturefiscalperiod,theCityshallnotbe obligatedtomakepaymentsforWorkoramountsincurredaftertheendofthe currentfiscalperiod,andthisAgreementwillterminateuponthecompletionofall remainingWorkforwhichfundsareallocated.Nopenaltyorexpenseshallaccrueto theCityintheeventthisprovisionapplies. 5.Termination: A.TheCityreservestherighttoterminatethisAgreementatanytime,withorwithout causebygivingten(10)calendardays’noticetotheConsultantinwriting.Intheevent ofsuchterminationorsuspension,allfinishedorunfinisheddocuments,data,studies, worksheets,modelsandreports,orothermaterialpreparedbytheConsultant pursuanttothisAgreementshallbesubmittedtotheCity,ifanyarerequiredaspart oftheWork. B.IntheeventthisAgreementisterminatedbytheCity,theConsultantshallbeentitled topaymentforallhoursworkedtotheeffectivedateoftermination,lessallpayments previouslymade.IftheAgreementisterminatedbytheCityafterpartialperformance ofWorkforwhichtheagreedcompensationisafixedfee,theCityshallpaythe Consultantanequitableshareofthefixedfee.Thisprovisionshallnotpreventthe Cityfromseekinganylegalremediesitmayhavefortheviolationornonperformance ofanyoftheprovisionsofthisAgreementandsuchchargesduetotheCityshallbe deductedfromthefinalpaymentduetheConsultant.Nopaymentshallbemadeby theCityforanyexpensesincurredorworkdonefollowingtheeffectivedateof terminationunlessauthorizedinadvanceinwritingbytheCity. 6.WarrantiesAndRightToUseWorkProduct:Consultantrepresentsandwarrantsthat ConsultantwillperformallWorkidentifiedinthisAgreementinaprofessionaland workmanlikemannerandinaccordancewithallreasonableandprofessionalstandards andlaws.Compliancewithprofessionalstandardsincludes,asapplicable,performingthe WorkincompliancewithapplicableCitystandardsorguidelines(e.g.designcriteriaand StandardPlansforRoad,BridgeandMunicipalConstruction).Professionalengineersshall PAGE3OF10 certifyengineeringplans,specifications,plats,andreports,asapplicable,pursuantto RCW18.43.070.Consultantfurtherrepresentsandwarrantsthatallfinalworkproduct createdforanddeliveredtotheCitypursuanttothisAgreementshallbetheoriginalwork oftheConsultantandfreefromanyintellectualpropertyencumbrancewhichwould restricttheCityfromusingtheworkproduct.ConsultantgrantstotheCityanonͲ exclusive,perpetualrightandlicensetouse,reproduce,distribute,adapt,modify,and displayallfinalworkproductproducedpursuanttothisAgreement.TheCity’sorother’s adaptation,modificationoruseofthefinalworkproductsotherthanforthepurposesof thisAgreementshallbewithoutliabilitytotheConsultant.Theprovisionsofthissection shallsurvivetheexpirationorterminationofthisAgreement. 7.RecordMaintenance:TheConsultantshallmaintainaccountsandrecords,which properlyreflectalldirectandindirectcostsexpendedandWorkprovidedinthe performanceofthisAgreementandretainsuchrecordsforaslongasmayberequiredby applicableWashingtonStaterecordsretentionlaws,butinanyeventnolessthansix yearsaftertheterminationofthisAgreement.TheConsultantagreestoprovideaccess toandcopiesofanyrecordsrelatedtothisAgreementasrequiredbytheCitytoaudit expendituresandchargesand/ortocomplywiththeWashingtonStatePublicRecordsAct (Chapter42.56RCW).Theprovisionsofthissectionshallsurvivetheexpirationor terminationofthisAgreement. 8.PublicRecordsCompliance:TothefullextenttheCitydeterminesnecessarytocomply withtheWashingtonStatePublicRecordsAct,Consultantshallmakeaduediligentsearch ofallrecordsinitspossessionorcontrolrelatingtothisAgreementandtheWork, including,butnotlimitedto,eͲmail,correspondence,notes,savedtelephonemessages, recordings,photos,ordrawingsandprovidethemtotheCityforproduction.Intheevent Consultantbelievessaidrecordsneedtobeprotectedfromdisclosure,itmay,at Consultant’sownexpense,seekjudicialprotection.Consultantshallindemnify,defend, andholdharmlesstheCityforallcosts,includingattorneys’fees,attendanttoanyclaim orlitigationrelatedtoaPublicRecordsActrequestforwhichConsultanthasresponsive recordsandforwhichConsultanthaswithheldrecordsorinformationcontainedtherein, ornotprovidedthemtotheCityinatimelymanner.Consultantshallproducefor distributionanyandallrecordsresponsivetothePublicRecordsActrequestinatimely manner,unlessthoserecordsareprotectedbycourtorder.Theprovisionsofthissection shallsurvivetheexpirationorterminationofthisAgreement. 9.IndependentContractorRelationship: A.TheConsultantisretainedbytheCityonlyforthepurposesandtotheextentsetforth inthisAgreement.ThenatureoftherelationshipbetweentheConsultantandtheCity duringtheperiodoftheWorkshallbethatofanindependentcontractor,not employee.TheConsultant,nottheCity,shallhavethepowertocontrolanddirectthe details,mannerormeansofWork.Specifically,butnotbymeansoflimitation,the PAGE4OF10 Consultantshallhavenoobligationtoworkanyparticularhoursorparticular schedule,unlessotherwiseindicatedintheScopeofWorkorwhereschedulingof attendanceorperformanceismutuallyarrangedduetothenatureoftheWork. ConsultantshallretaintherighttodesignatethemeansofperformingtheWork coveredbythisagreement,andtheConsultantshallbeentitledtoemployother workersatsuchcompensationandsuchotherconditionsasitmaydeemproper, provided,however,thatanycontractsomadebytheConsultantistobepaidbyit alone,andthatemployingsuchworkers,itisactingindividuallyandnotasanagent fortheCity. B.TheCityshallnotberesponsibleforwithholdingorotherwisedeductingfederal incometaxorSocialSecurityorcontributingtotheStateIndustrialInsurance Program,orotherwiseassumingthedutiesofanemployerwithrespecttoConsultant oranyemployeeoftheConsultant. C.IftheConsultantisasoleproprietorshiporifthisAgreementiswithanindividual,the ConsultantagreestonotifytheCityandcompleteanyrequiredformiftheConsultant retiredunderaStateofWashingtonretirementsystemandagreestoindemnifyany lossestheCitymaysustainthroughtheConsultant’sfailuretodoso. 10.HoldHarmless:TheConsultantagreestorelease,indemnify,defend,andholdharmless theCity,electedofficials,employees,officers,representatives,andvolunteersfromany andallclaims,demands,actions,suits,causesofaction,arbitrations,mediations, proceedings,judgments,awards,injuries,damages,liabilities,taxes,losses,fines,fees, penalties,expenses,attorney’sorattorneys’fees,costs,and/orlitigationexpensestoor byanyandallpersonsorentities,arisingfrom,resultingfrom,orrelatedtothenegligent acts,errorsoromissionsoftheConsultantinitsperformanceofthisAgreementora breachofthisAgreementbyConsultant,exceptforthatportionoftheclaimscausedby theCity’ssolenegligence. ShouldacourtofcompetentjurisdictiondeterminethatthisagreementissubjecttoRCW 4.24.115,(Validityofagreementtoindemnifyagainstliabilityfornegligencerelativeto construction,alteration,improvement,etc.,ofstructureorimprovementattachedtoreal estate…)then,intheeventofliabilityfordamagesarisingoutofbodilyinjurytopersons ordamagestopropertycausedbyorresultingfromtheconcurrentnegligenceofthe ConsultantandtheCity,itsofficers,officials,employeesandvolunteers,Consultant’s liabilityshallbeonlytotheextentofConsultant’snegligence. Itisfurtherspecificallyandexpresslyunderstoodthattheindemnificationprovidedin thisAgreementconstituteConsultant’swaiverofimmunityundertheIndustrial InsuranceAct,RCWTitle51,solelyforthepurposesofthisindemnification.TheParties PAGE5OF10 havemutuallynegotiatedandagreedtothiswaiver.Theprovisionsofthissectionshall survivetheexpirationorterminationofthisAgreement. 11. GiftsandConflicts:TheCity’sCodeofEthicsandWashingtonStatelawprohibitCity employeesfromsoliciting,accepting,orreceivinganygift,gratuityorfavorfromany person,firmorcorporationinvolvedinacontractortransaction.Toensurecompliance withtheCity’sCodeofEthicsandstatelaw,theConsultantshallnotgiveagiftofanykind toCityemployeesorofficials.ConsultantalsoconfirmsthatConsultantdoesnothavea businessinterestoraclosefamilyrelationshipwithanyCityofficeroremployeewhowas, is,orwillbeinvolvedinselectingtheConsultant,negotiatingoradministeringthis Agreement,orevaluatingtheConsultant’sperformanceoftheWork. 12.CityofRentonBusinessLicense:UnlessexemptedbytheRentonMunicipalCode,t ConsultantshallobtainaCityofRentonBusinessLicensepriortoperforminganyWork andmaintainthebusinesslicenseingoodstandingthroughoutthetermofthis agreementwiththeCity. Informationregardingacquiringacitybusinesslicensecanbefoundat: https://www.rentonwa.gov/Tax InformationregardingStatebusinesslicensingrequirementscanbefoundat: https://dor.wa.gov/doingͲbusiness/registerͲmyͲbusiness 13.Insurance:Consultantshallsecureandmaintain: A.Commercialgeneralliabilityinsuranceintheminimumamountsof$1,000,000for eachoccurrence/$2,000,000aggregatefortheTermofthisAgreement. B.IntheeventthatWorkdeliveredpursuanttothisAgreementeitherdirectlyor indirectlyinvolveorrequireProfessionalServices,ProfessionalLiability,Errorsand Omissionscoverageshallbeprovidedwithminimumlimitsof$1,000,000per occurrence."ProfessionalServices",forthepurposeofthissection,shallmeanany WorkprovidedbyalicensedprofessionalorWorkthatrequiresaprofessional standardofcare. C.Workers’compensationcoverage,asrequiredbytheIndustrialInsurancelawsofthe StateofWashington,shallalsobesecured. D.CommercialAutomobileLiabilityforowned,leased,hiredornonͲowned,leased,hired ornonͲowned,withminimumlimitsof$1,000,000peroccurrencecombinedsingle limit,iftherewillbeanyuseofConsultant’svehiclesontheCity’sPremisesbyoron behalfoftheCity,beyondnormalcommutes. PAGE6OF10 E.ConsultantshallnametheCityasanAdditionalInsuredonitscommercialgeneral liabilitypolicyonanonͲcontributoryprimarybasis.TheCity’sinsurancepoliciesshall notbeasourceforpaymentofanyConsultantliability,norshallthemaintenanceof anyinsurancerequiredbythisAgreementbeconstruedtolimittheliabilityof ConsultanttothecoverageprovidedbysuchinsuranceorotherwiselimittheCity’s recoursetoanyremedyavailableatlaworinequity. F.SubjecttotheCity’sreviewandacceptance,acertificateofinsuranceshowingthe properendorsements,shallbedeliveredtotheCitybeforeperformingtheWork. G.ConsultantshallprovidetheCitywithwrittennoticeofanypolicycancellation,within two(2)businessdaysoftheirreceiptofsuchnotice. 14.Delays:Consultantisnotresponsiblefordelayscausedbyfactorsbeyondthe Consultant’sreasonablecontrol.WhensuchdelaysbeyondtheConsultant’sreasonable controloccur,theCityagreestheConsultantisnotresponsiblefordamages,norshallthe ConsultantbedeemedtobeindefaultoftheAgreement. 15.SuccessorsandAssigns:NeithertheCitynortheConsultantshallassign,transferor encumberanyrights,dutiesorinterestsaccruingfromthisAgreementwithoutthe writtenconsentoftheother. 16.Notices:AnynoticerequiredunderthisAgreementwillbeinwriting,addressedtothe appropriatepartyattheaddresswhichappearsbelow(asmodifiedinwritingfromtime totimebysuchparty),andgivenpersonally,byregisteredorcertifiedmail,returnreceipt requested,byfacsimileorbynationallyrecognizedovernightcourierservice.Timeperiod fornoticesshallbedeemedtohavecommenceduponthedateofreceipt,EXCEPT facsimiledeliverywillbedeemedtohavecommencedonthefirstbusinessdayfollowing transmission.Emailandtelephonemaybeusedforpurposesofadministeringthe Agreement,butshouldnotbeusedtogiveanyformalnoticerequiredbytheAgreement. CITYOFRENTON RussWoodruff 1055SouthGradyWay Renton,WA98057 Phone:(206)556Ͳ5026 rwoodruff@rentonwa.gov CONSULTANT DanielMcKinney 12131113thAveNE,Suite203 Kirkland,WA.98034 Phone:(425)821Ͳ3665 dan.mckinney@transpogroup.com 17.DiscriminationProhibited:Excepttotheextentpermittedbyabonafideoccupational qualification,theConsultantagreesasfollows: PAGE7OF10 A.Consultant,andConsultant’sagents,employees,representatives,andvolunteers withregardtotheWorkperformedortobeperformedunderthisAgreement,shall notdiscriminateonthebasisofrace,color,sex,religion,nationality,creed,marital status,sexualorientationorpreference,age(exceptminimumageandretirement provisions),honorablydischargedveteranormilitarystatus,orthepresenceofany sensory,mentalorphysicalhandicap,unlessbaseduponabonafideoccupational qualificationinrelationshiptohiringandemployment,inemploymentorapplication foremployment,theadministrationofthedeliveryofWorkoranyotherbenefits underthisAgreement,orprocurementofmaterialsorsupplies. B.TheConsultantwilltakeaffirmativeactiontoinsurethatapplicantsareemployedand thatemployeesaretreatedduringemploymentwithoutregardtotheirrace,creed, color,nationalorigin,sex,age,sexualorientation,physical,sensoryormental handicaps,ormaritalstatus.Suchactionshallinclude,butnotbelimitedtothe followingemployment,upgrading,demotionortransfer,recruitmentorrecruitment advertising,layoffortermination,ratesofpayorotherformsofcompensationand selectionfortraining. C.IftheConsultantfailstocomplywithanyofthisAgreement’snonͲdiscrimination provisions,theCityshallhavetheright,atitsoption,tocanceltheAgreementin wholeorinpart. D.TheConsultantisresponsibletobeawareofandincompliancewithallfederal,state andlocallawsandregulationsthatmayaffectthesatisfactorycompletionofthe project,whichincludesbutisnotlimitedtofairlaborlaws,worker'scompensation, andTitleVIoftheFederalCivilRightsActof1964,andwillcomplywithCityofRenton CouncilResolutionNumber4085. 18.Miscellaneous:Thepartiesherebyacknowledge: A.TheCityisnotresponsibletotrainorprovidetrainingforConsultant. B.Consultantwillnotbereimbursedforjobrelatedexpensesexcepttotheextent specificallyagreedwithintheattachedexhibits. C.Consultantshallfurnishalltoolsand/ormaterialsnecessarytoperformtheWork excepttotheextentspecificallyagreedwithintheattachedexhibits. D.Intheeventspecialtraining,licensing,orcertificationisrequiredforConsultantto provideWorkhe/shewillacquireormaintainsuchathis/herownexpenseand,if Consultantemploys,subͲcontracts,orotherwiseassignstheresponsibilitytoperform theWork,saidemployee/subͲcontractor/assigneewillacquireandormaintainsuch training,licensing,orcertification. PAGE8OF10 E.ThisisanonͲexclusiveagreementandConsultantisfreetoprovidehis/herWorkto otherentities,solongasthereisnointerruptionorinterferencewiththeprovisionof WorkcalledforinthisAgreement. F. Consultantisresponsibleforhis/herowninsurance,including,butnotlimitedto healthinsurance. G.Consultantisresponsibleforhis/herownWorker’sCompensationcoverageaswellas thatforanypersonsemployedbytheConsultant. 19.OtherProvisions: A.ApprovalAuthority.EachindividualexecutingthisAgreementonbehalfoftheCity andConsultantrepresentsandwarrantsthatsuchindividualsaredulyauthorizedto executeanddeliverthisAgreementonbehalfoftheCityorConsultant. B.GeneralAdministrationandManagement.TheCity’sprojectmanagerisRuss Woodruff.InprovidingWork,ConsultantshallcoordinatewiththeCity’scontract managerorhis/herdesignee. C.AmendmentandModification.ThisAgreementmaybeamendedonlybyan instrumentinwriting,dulyexecutedbybothParties. D.Conflicts.IntheeventofanyinconsistenciesbetweenConsultantproposalsandthis Agreement,thetermsofthisAgreementshallprevail.Anyexhibits/attachmentsto thisAgreementareincorporatedbyreferenceonlytotheextentofthepurposefor whichtheyarereferencedwithinthisAgreement.TotheextentaConsultant preparedexhibitconflictswiththetermsinthebodyofthisAgreementorcontains termsthatareextraneoustothepurposeforwhichitisreferenced,thetermsinthe bodyofthisAgreementshallprevailandtheextraneoustermsshallnotbe incorporatedherein. E.GoverningLaw.ThisAgreementshallbemadeinandshallbegovernedbyand interpretedinaccordancewiththelawsoftheStateofWashingtonandtheCityof Renton.ConsultantandalloftheConsultant’semployeesshallperformtheWorkin accordancewithallapplicablefederal,state,countyandcitylaws,codesand ordinances. F.JointDraftingEffort.ThisAgreementshallbeconsideredforallpurposesasprepared bythejointeffortsofthePartiesandshallnotbeconstruedagainstonepartyorthe otherasaresultofthepreparation,substitution,submissionorothereventof negotiation,draftingorexecution. PAGE9OF10 G. JurisdictionandVenue.Anylawsuitorlegalactionbroughtbyanypartytoenforceor interpretthisAgreementoranyofitstermsorcovenantsshallbebroughtintheKing CountySuperiorCourtfortheStateofWashingtonattheMalengRegionalJustice CenterinKent,KingCounty,Washington,oritsreplacementorsuccessor.Consultant herebyexpresslyconsentstothepersonalandexclusivejurisdictionandvenueof suchcourtevenifConsultantisaforeigncorporationnotregisteredwiththeStateof Washington. H. Severability.Acourtofcompetentjurisdiction’sdeterminationthatanyprovisionor partofthisAgreementisillegalorunenforceableshallnotcancelorinvalidatethe remainderofthisAgreement,whichshallremaininfullforceandeffect. I. SoleandEntireAgreement.ThisAgreementcontainstheentireagreementofthe Partiesandanyrepresentationsorunderstandings,whetheroralorwritten,not incorporatedareexcluded. J. TimeisoftheEssence.TimeisoftheessenceofthisAgreementandeachandallof itsprovisionsinwhichperformanceisafactor.Adherencetocompletiondatesset forthinthedescriptionoftheWorkisessentialtotheConsultant’sperformanceof thisAgreement. K. ThirdͲPartyBeneficiaries.NothinginthisAgreementisintendedto,norshallbe construedtogiveanyrightsorbenefitsintheAgreementtoanyoneotherthanthe Parties,andalldutiesandresponsibilitiesundertakenpursuanttothisAgreementwill beforthesoleandexclusivebenefitofthePartiesandnooneelse. L. BindingEffect.ThePartieseachbindthemselves,theirpartners,successors,assigns, andlegalrepresentativestotheotherpartytothisAgreement,andtothepartners, successors,assigns,andlegalrepresentativesofsuchotherpartywithrespecttoall covenantsoftheAgreement. M. Waivers.Allwaiversshallbeinwritingandsignedbythewaivingparty.Eitherparty’s failuretoenforceanyprovisionofthisAgreementshallnotbeawaiverandshallnot preventeithertheCityorConsultantfromenforcingthatprovisionoranyother provisionofthisAgreementinthefuture.Waiverofbreachofanyprovisionofthis Agreementshallnotbedeemedtobeawaiverofanypriororsubsequentbreach unlessitisexpresslywaivedinwriting. N. Counterparts.ThePartiesmayexecutethisAgreementinanynumberof counterparts,eachofwhichshallconstituteanoriginal,andallofwhichwilltogether constitutethisoneAgreement. PAGE10OF10 INWITNESSWHEREOF,thePartieshavevoluntarilyenteredintothisAgreementasofthedate lastsignedbythePartiesbelow. CITYOFRENTON By:_____________________________ CONSULTANT By:____________________________ MartinPastucha Administrator–PublicWorks EnterSigner’sName EnterSigner’sTitle _____________________________ Date _____________________________ Date Attest _____________________________ JasonA.Seth CityClerk ApprovedastoLegalForm By:__________________________ ShaneMoloney CityAttorney ContractTemplateUpdated5/21/2021 12/08/2022 Principal Daniel G. McKinney Jr. Daniel G McKinney Jr 2022.12.08 09:43:07-08'00' N/A Approved by Cheryl Beyer via 12/9/2022 email ([KLELW$²6FRSHRI6HUYLFHV)HH 6FKHGXOH &OLHQW1DPH &LW\RI5HQWRQ 3URMHFW1DPH %HKDYLRUDO+HDOWK+RPHOHVV5HVRXUFH&HQWHU ([KLELW'DWHG1RYHPEHU 7* 35 6FRSHRI6HUYLFHV 7KHIROORZLQJVFRSHLVEDVHGRQSURMHFWLQIRUPDWLRQUHFHLYHGE\7UDQVSR*URXS7UDQVSRIURP&LW\RI 5HQWRQ&OLHQWDQG7UDQVSR¶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²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²0HHWLQJVDQG&RRUGLQDWLRQ 0HHWLQJVPD\RUPD\QRWEHQHFHVVDU\DVSDUWRIWKHGHYHORSPHQWUHYLHZSURFHVVDQGDVVXFKLWLVQRW SRVVLEOHWRDFFXUDWHO\EXGJHWIRUWKLVVHUYLFHDWWKHWLPHRIFRQWUDFWLQJ6KRXOGWKH&OLHQWUHTXHVW7UDQVSR¶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