Agmt 2003 Harris Design (2) - Laserfiche WebLink

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor an amount not to exceed the total sum of THIRTY SIX THOUSAND, TWO HUNDRED SIXTY FIVE DOLLARS and 00/100 ($36,265) for services to be performed and reimbursable costs incurred pursuant to this Agreement. Contractor shall submit invoices, not more often than once a month during the term of this Agreement, based on the cost for services performed and reimbursable costs incurred prior to the invoice date. Invoices shall contain the following information: 1. Serial identifications of progress bills, i.e., Progress Bi11 No. 1 2. Beginning and ending dates of the billing period 3. Task Summary containing the original contract amount, the amount of prior billings, the total due this period, the balance available, and the percentage of completion 4. For e ach w ork i tem i r e ach t ask, a c opy o f t he a pplicable time sheets shall be submitted showing the name of the person doing t he w ork, t he h ours s pent b y each person, a brief description of the work, and each reimbursable expense. City shall make monthly payments, based on such invoices, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall pay the last 10% of the total sum due pursuant to this Agreement within forty- five (45) days after completion of the services and submittal to City, if all services due pursuant to this Agreement have been satisfactorily performed. The total sum stated above shall be the total which City shall pay for the services to be rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for any Cherry Grove Park Playground Renovation Contractual Services Agreement Page 6 of 24 Project No, t50-69-195