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EXHIBIT B <br /> PAYMENT SCHEDULE <br /> City shall pay Port an amount not to exceed the total sum of TWENTY -ONE <br /> THOUSAND SIX HUNDRED SEVENTY DOLLARS AND NO CENTS (521,670.00) for <br /> services to be performed and reimbursable costs incurred pursuant to this Agreement. Port shall <br /> submit invoices not more often than once a month during the term of this Agreement, based on <br /> the cost for services performed and reimbursable costs incurred prior to the invoice date. <br /> 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 /> The total sum stated above shall be the total which City shall pay for the services <br /> to be rendered by Port pursuant to this Agreement. City shall not pay any additional sum for any <br /> expense or cost whatsoever incurred by Port in rendering services pursuant to this Agreement. <br /> Exhibit "B" Page 1 of 2 <br /> 6/12/95 - Word 6.0 <br /> 1: \W PD \FORMSW GRE\EXHIBITB.DOC <br />