Agmt 2003 HJW Geospatial Inc - Laserfiche WebLink

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor an amount not to exceed the total sum of ONE AND SIX HUNDRED THOUSAND, FIVE HUNDRED AND TWENTY-SIX DOLLARS ($106,526.00) for services to be performed and reimbursable costs incurred pursuant to this Agreement. Contractor shall submit invoices and be paid on a monthly basis. Ninety percent (90%) of the total cost of each task shall be made after their completion and acceptance by the City. The ten percent (10%) balance payment for each task shall be made after the completion and acceptance of the entire project by the city. The payment shall be made as follows: 1. Thirteen thousand and ten and 40/100 dollars ($13,010.40) within thirty (30) days after the completion and acceptance of Ground Control by the City, outlined as Task 1 in Exhibit A. 2. Seven thousand nine hundred thirty-four and 40/100 dollars ($7,934.40) within thirty (30) days after the completion and acceptance of the Aerial Photography by the City, outlined as Task 2 in Exhibit A. Seven thousand three hundred and fourteen and 30/100 dollars ($7,314.30) within thirty (30) days after the completion and acceptance of the Aerotriangulation by the City, outlined as Task 3 in Exhibit A. 4. Twelve thousand seven thousand and ten and 70/100 dollars ($12,710.70) within thirty (30) days after the completion and acceptance of DTM and Contour Data Update, outlined as Task 4 in Exhibit A. Fourteen thousand two hundred and thirteen and 70/100 dollars ($14,213.70) within thirty (30) days after the completion and acceptance of the Planimetric Data Update by the City, outlined as Task 5 in Exhibit A. 6. Twenty-six thousand four hundred and eighty-nine and 701100 dollars ($26,489.70) within thirty (30) days after the completion and acceptance of the Orthophotography by the City, outlined as Task 6 in Exhibit A. 7. Fourteen thousand and two hundred and 20/100 dollars ($14,200.20) within thirty (30) days after the completion and acceptance of the Hardcopy Mylars by the City, outlined as Task 7 in Exhibit A. 8. The balance often thousand six hundred and fifty-two and 60/100 dollars ($10,b52.60) within thirty (30) days after the completion and acceptance of the entire project by the City. Exhibit B Page 1 of 2 03/07/03 Hammon, Jensen, Wallen & Associates, Inc.