Agmt 2003 Callander Associates Inc (3)

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor an amount not to exceed the total sum of FORTY-THREE THOUSAND, SEVEN IICJNDRED AND TWENTY DOLLARS ($43,720.00) for services to be performed including 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. 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 that City shall pay for the services to be rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Contractor in rendering services pursuant to this Agreement. CSA CALLANDER ASSOCIATES Page 6 of 23 Bonaire Park Playground Renovation