Agmt 2002 Shutts_Peter G AIA - Laserfiche WebLink

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor a lump sum of FOURTEEN THOUSAND NINE HUNDRED FIFTY AND 001100 DOLLARS (~ 14,950.00) for services to be performed and reimbursable costs incu~7-ed 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 int.~oice date. Invoices shall contain the t-ull~~wing inli~rmalion. Serial idcntil~ications oFprugress bills, i.c., Progress Bill No. I Beginning and ending dates of~the billing period Task Summary wntaining 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. City shall pay the last 10% of the total sum due pursuant to this Agn-eement within forty- five (45) days after completion of the services and submittal to City, if all services due pursuant to this Agreement have been satisfactorily performed. 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. Exhibit B Page 1 of 2 Floresta Park Resh-oom