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0 0 BOOK c3 HGE 92 Work". All services required hereunder shall be completed on or before the end of the contract period: June 30, 2010. For the purposes of the statute of limitations, and in recognition of the fact that closeout procedures, audit, audit resolution, and collection of disallowed costs will occur after the contract period, this contract shall not be considered completed until final action on any disallowed costs by USDOL has been taken and the time for appeal of disallowed costs has expired. 4. Compensation and Method of Pavment In the case of activities covered by cost reimbursement provisions, the Contractor shall be compensated for the work and services to be performed under this contract by monthly reimbursements based on allowable expenditures actually made, unless otherwise specifically agreed to the contrary. For any activities covered by fixed unit price/performance based provisions, the Contractor shall be compensated based upon the benchmark schedule included in the Attachment A "Statement of Work". In no event, however, will the total compensation and reimbursement, if any, to be paid the Contractor under this contract exceed the sum of $126,592.00 in WIA funds as described in Attachment B "Budget". Provided further, the Contractor acknowledges that the College and the Mid- Carolina Local Workforce Investment Area are receiving monies to fund WIA activities from the State and that the College's obligations to pay any funds is conditioned upon receipt of such funds. The College may impose restrictions upon the maintenance of excess cash by the contractor consistent with the restrictions placed upon the College by the State and the United States Treasury Department. 5. Approval of Subcontract or Assignability The Contractor shall not assign all or any portion of its interests in this contract, nor shall any of the work or services to be performed wider this contract by the Contractor be subcontracted, without the prior written approval of the Mid- Carolina Local Workforce Investment Area administrative entity. 6. Agenev of the College Administrative The College and Mid-Carolina Local Workforce Investment Area staff shall perform the administrative, enforcement, evaluation, coordination of the work, and monitoring of this contract as agents of the College. Neither the College nor its staff shall be a party to this agreement or have any liability hereunder to the Contractor. All notices, reports, other information including each monthly financial status report (Attachment C) shall be forwarded to the Mid-Carolina Local Workforce Investment Area, c/o Central Carolina Community College, 1105 Kelly Drive, Sanford, North Carolina 27330 Attention: Ms. Stelfanie Williams, Acting Page 2 of 16