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EXHIBIT B <br /> PAYMENT SCHEDULE <br /> City shall pay Contractor an amount not to exceed the total sum of THIRTY -EIGHT <br /> THOUSAND ONE HUNDRED AND 00 /100 DOLLARS ($38.100.00) for services to be <br /> performed and reimbursable costs incurred pursuant to this Agreement. Contractor shall submit <br /> invoices. not more often than once a month during the term of this Agreement, based on the cost <br /> for services performed and reimbursable costs incurred prior to the invoice date. Invoices shall <br /> contain the following information: <br /> 1. Serial identifications of progress bills. i.e., Progress Bill No. 1 <br /> Z. 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. Contractor shall submit, a brief description of the work, and each reimbursable <br /> expense for each work item in each task. Invoices shall include copies of <br /> respective reimbursable expenses invoices. <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 last 10% 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 /> Exhibit B Page 1 oft <br /> 6/12/95 TAYLOR/Public Safety Building HVAC System Rehab <br />