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Contractor and City acknowledge and agree that compensation paid by City to Contractor under this Agreement is <br />based upon Contractor's estimated costs of providing the services required hereunder, including salaries and <br />benefits of employees and subcontractors of Contractor. Consequently, the parties further agree that compensation <br />hereunder is intended to include the costs of contributions to any pensions and/or annuities to which Contractor and <br />its employees, agents, and subcontractors may be eligible. City therefore has no responsibility for such contributions <br />beyond compensation required under this Agreement. <br />2.1 Invoices. Contractor shall submit invoices, not more often than once a month during the term of <br />this Agreement, based on the cost for services performed and reimbursable costs incurred prior to <br />the invoice date. Invoices shall contain the following information: <br />^ Serial identifications of progress bills; i.e., Progress Bill No. 1 for the first invoice, etc.; <br />^ The beginning and ending dates of the billing period; <br />^ A Task Summary containing the original contract amount, the amount of prior billings, the <br />total due this period, the balance available under the Agreement, and the percentage of <br />completion; <br />^ At City's option, for each work item in each task, a copy of the applicable time entries or <br />time sheets shall be submitted showing the name of the person doing the work, the hours <br />spent by each person, a brief description of the work, and each reimbursable expense; <br />^ The total number of hours of work performed under the Agreement by Contractor and <br />each employee, agent, and subcontractor of Contractor performing services hereunder; <br />^ The Contractor's signature; <br />^ Contractor shall give separate notice to the City when the total number of hours worked <br />by Contractor and any individual employee, agent, or subcontractor of Contractor reaches <br />or exceeds 800 hours within a 12-month period under this Agreement and any other <br />agreement between Contractor and City. Such notice shall include an estimate of the <br />time necessary to complete work described in Exhibit A and the estimate of time <br />necessary to complete work under any other agreement between Contractor and City, if <br />applicable. <br />2.2 Monthly Payment. City shall make monthly payments, based on invoices received, for services <br />satisfactorily performed, and for authorized reimbursable costs incurred, City shall have 30 days <br />from the receipt of an invoice that complies with all of the requirements above to pay Contractor, <br />2.3 Reserved. <br />2.4 Total Payment. City shall pay for the services to be rendered by Contractor pursuant to this <br />Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by <br />Contractor in rendering services pursuant to this Agreement. City shall make no payment for any <br />extra, further, or additional service pursuant to this Agreement. <br />In no event shall Contractor submit any invoice for an amount in excess of the maximum amount of <br />compensation provided above either for a task or for the entire Agreement, unless the Agreement <br />is modified prior to the submission of such an invoice by a properly executed change order or <br />amendment. <br />2.5 Reserved <br />2.6 Reimbursable Expenses. - N/A <br />