Agmt 2003 Shutts_Peter G AIA - Laserfiche WebLink

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor on a time and materials basis for an amount not to exceed TWENTY TWO THOUSAND FOUR HUNDRED SIXTY FIVE AND 00/100 DOLLARS ($22,465.00) for services to be performed and reimbursable costs incurred pursuant to this Agreement. Consultant 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: Serial identifications of progress bills, i.e., Progress Bill No. 1 2. Beginning and ending dates of the billing period Task Summary containing the original contract amount, the amount of prior billings, the total due this period, the balance available, the percentage of completion, 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. The total sum stated above shall be the total which City shall pay for the services to be rendered by Consultant pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Consultant in rendering services pursuant to this Agreement. City shall make no payment for any extra, further or additional service pursuant to this Agreement unless such extra service and the price therefor is agreed to in writing executed by the City Manager or other designated official of City authorized to obligate City thereto prior to the time such extra service is rendered and in no event shall such change order exceed twenty-five (25%) of the initial contract price. Contractual Services Agreement Page 4 of 14 320/324 West Estudillo Building Renovation