Agmt 2002 Shutts_Peter G AIA (2)

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EXHIBIT B PAY~~IE1\'T SCHEDULE City shall pay Contractor on a time and materials basis for an amount not to .exceed FIFTY SIX THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS 056,750.00) for services to be performed and reimbursable costs inc~u-red pursuant to this Agreement. Consultant shall submit invoices not more often than once a month during the term of this Agreement based un the cost for services pert~n-med and reimbursable costs incurred prior to the in~~oicc date. In~~oices shall contai^ the tullowin;~ information: Serial identifications of pro~~ress bills, i.e.. Pro~~ress Bill No. I ?, ~ 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 A~~reement. 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 exri-a, further or additional service purstiiant 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 Exhibit B Page 1 of 2 320/324 West Estudillo Building Renovation