Agmt 2003 Material Integrity Solutions

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor an amount not to exceed the total sum of Thirty two thousand five hundred dollars~$32,500.00) 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 Bill 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 each work item in each task, a copy of the applicable time sheets shall be submitted showing .the name of the person doing the work, the hours spent by each person, a brief description of the work, and each reimbursable expense. 5. A schedule for the remaining work shall be submitted with each invoice. In the event the schedule does not match the schedule contained herein a recovery schedule shall be submitted. City shall make monthly payments, based on such invoices, for services satisfactorily performed, ai7d for authorized reimbursable costs incurred. 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 Material Integrity Sol~rtions/CSA Page 7 of 17 Pipe Modernization WPCP ~ Project No. 593-52-202