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EXHIBIT B <br /> PAYMENT SCHEDULE <br /> City shall pay Contractor an amount not to exceed the total sum of Sixty Thousand Six <br /> Hundred Dollars ($60,600.00) for services to be performed and reimbursable costs incurred pursuant <br /> to this Agreement. Contractor shall submit invoices, not more often than once a month during the term <br /> of this Agreement,based on the hourly rates for services performed and reimbursable costs incurred <br /> prior 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. Beginning and ending dates of the billing period <br /> 3. Task Summary containing the original contract amount, the amount of prior billings, the <br /> total due this period, the balance available, and the percentage of completion <br /> 4. For each work item in each task, a list shall be shown on the invoice showing the grade <br /> or name of the person doing the work, the hours spent by each person, a brief <br /> 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 10% of the total sum due pursuant to this Agreement within thirty(30) <br /> days after completion of the services and submittal to City, if all services due pursuant to this <br /> Agreement have been satisfactorily performed. <br /> The total sum stated above shall be the total which City shall pay for the services to be rendered <br /> by Contractor pursuant to this Agreement. City shall not pay any additional sum for any expense or <br /> cost whatsoever incurred by Contractor in rendering services pursuant to this Agreement. <br /> Fiber Installation Nextlink Manor/Farnsworth Exhibit B <br /> Page 1 of 2 <br />