Question
Out of the 4 deliverables are any of them so interdependent that they become one performance obligation in the sense of the new Revenue recognition
Out of the 4 deliverables are any of them so interdependent that they become one performance obligation in the sense of the new Revenue recognition rule?
Agreement No. 1 Statement of Work No. 001, Amendment No. 1
In accordance with the terms and conditions of the above-referenced Agreement between Company andCustomer XYZ this Statement of Work (SOW) is amended to expand the scope of work for additional users andincrease the price as more fully described below.
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Section 1. Statement of Work: Exhibit 1 is deleted in its entirety and replaced with Exhibit 1 to this SOW1,Amendment No. 1 dated 11/20/12, which is attached hereto and incorporated herein by this reference.
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Section 3. Total Statement of Work Value: This section is deleted in its entirety and replaced with the following:
The firm fixed price for the Software, Data, and Managed Services and Deliverables defined in the Statement of Work in Exhibit 1 is set forth in Table 1 below.
Table 1: Software, Data, Managed Services and Professional Services Pricing
Description | Year 1 | Year 2 | Year 3 | Invoicing Terms |
Software Licenses | $224,000 | $116,000 | $116,000 | Annual |
Data Licenses | $256,420 | $244,939 | $246,109 | Annual |
Managed Services | $36,100 | $89,200 | $90,400 | Initial setup and monthly fee |
Professional Services | $279,090 | $92,629 | $62,816 | Monthly invoicing based on percent complete |
Total Firm Fixed Price: | $795,610 | $542,768 | $515,325 |
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