Agmt 2001 Aquatic Dasign Group Inc

Home

• EXHIBIT B PAYMENT SCHEDULE City shall pay Consultant a lump sum of SIXTY EIGHT THOUSAND FIVE HUNDRED AND 00/100 ($68,500.00) for services to be performed and reimbursable costs incurred 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 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, 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 Agreement 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. City shall make no payment for any extra, further or additional service pursuant 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 time Exhibit B Page B 1 of 3 6/12/95 Washington Manor Pool Refurbishment