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EXHIBIT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum of twenty nine thousand <br />nine hundred ninety five dollars ($29,995.00) for services to be performed pursuant to this <br />Agreement. Contractor shall submit invoices, not more often than once a month during the term <br />of this Agreement, based on the cost for services performed prior to the invoice date. Invoices <br />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 balance 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 City shall pay for the services to be rendered by Contractor pursuant to this <br />Agreement on an hourly basis except lab testing which shall be compensated for on a per test <br />basis. <br />Exhibit B Page 1 of 2 <br />6/12/95 FIRE STATION 10 - WILLIAMS <br />