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EXHIBIT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum of FORTY SEVEN <br />THOUSAND THREE HUNDRED EIGHTY FOUR DOLLARS AND 00/100 ($47,384.00) for <br />services to be performed and reimbursable costs incurred pursuant to this Agreement. Contractor <br />shall submit invoices, not more often than once a month during the term of this Agreement, <br />based on the cost for services performed and reimbursable costs incurred prior to the invoice <br />date. Invoices shall contain the following 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 />City shall pay the last 10% of the total sum due pursuant to this Agreement within forty- <br />five (45) days after completion of the services and submittal to City, if all services due pursuant <br />to this Agreement have been satisfactorily performed. <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 />Contractual Services Agreement Page ~l of 15 <br />Revised 5-02 Aeration Tank "B" Upgrade at WPCP <br />