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EXHIBIT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum of Sixty Thousand. Five <br />Hundred and No/100 ($60,500.00) for services to be performed and reimbursable costs <br />incurred pursuant to this Agreement. Contractor shall submit invoices, not more often than once <br />a month during the term of this Agreement, based on the cost for services performed and <br />reimbursable costs incurred prior to the invoice date. Invoices shall contain the following <br />information: <br />1. Serial identifications of progress bills, i.e., Progress Bill No. 1 <br />2. Beginning and ending dates of the billing period <br />3. 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 />City shall make monthly payments, based on such invoices, for services satisfactorily <br />performed, and for authorized reimbursable costs incurred. <br /> <br /> <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 <br />MMS, Inc., CSA Page 5 of 15 <br />North Area Storm Drainage Study Project No. ]40-31-040 <br />