Laserfiche WebLink
EXHIBIT B <br /> PAYMENT SCHEDULE <br /> City shall pay Contractor an amount not to exceed the total sum of TWO HUNDRED <br /> EIGHTEEN THOUSAND SEVEN HUNDRED FIFTY SEVEN AND NO /I00 DOLLARS <br /> (5218,757.00) for services to be performed and reimbursable costs incurred 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 and reimbursable costs incurred prior <br /> to the invoice date. Invoices shall contain the following information. <br /> 1. Serial identifications of progress bills, i.e., Progress Bill No. 1. <br /> 2. The beginning and ending dates of the billing period. <br /> 3. A 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 last 5% 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 6 Page 1 of 2 <br /> 6/12/95 Fire Station /Catalina <br />