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EXHIBIT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum $107,850 for services to <br />be performed pursuant to this Agreement. Contractor shall submit invoices, not more often than <br />once a month during the term of this Agreement, based on the cost for services performed prior <br />to the invoice date. Invoices shall contain the following information. <br />1. Serial identifications of progress bills, i.e., Progress Bill No. 1. <br />2. The beginning and ending dates of the billing period. <br />3. A Task Summary containing the original contract amount, the amount of prior <br />billings, the total due this period, the balance available and the percentage of <br />completion. <br />4. For each work item in each task, a copy of the applicable time sheets shall be <br />submitted showing the name of the person doing the work, the hours spent by <br />each person, a brief description of the work, and each reimbursable expense. <br />5. A Status Report will be included and delivered to the City's Project Manager with <br />each bill submitted. <br />City shall make monthly payments, based on such invoices, for services satisfactorily <br />performed. <br />City shall pay the last 10% of the total sum due pursuant to this Agreement within forty- <br />five (45) days after completion of the services and submittal to City, if all services due pursuant <br />to this Agreement have been satisfactorily performed. <br />The total sum stated above shall be the total which City shall pay for the services to be <br />rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for any <br />Exhibit "B" Page 1 of 2 <br />