Agmt 2002 BMS Design Group - Laserfiche WebLink

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EXHIBIT B PAYMENT SCHEDULE City shall pay Contractor an amount not to exceed the total sum of$50,000 for services to be performed and reimbursable costs incurred pursuant to this Agreement. Contractor shall submit invoices,not more often than once a month during the term of this Agreement,based on the cost for services performed and reimbursable costs incurred prior to the invoice date. Invoices shall contain the following information. 1. Serial identifications of progress bills,i.e.,Progress Bill No. 1. 2. The beginning and ending dates of the billing period. 3. A Task Summary containing the original contract amount,the amount of prior billings,the total due this period,the balance available and the percentage of completion. 4. For each work item in each task,a copy of the applicable time sheets shall be submitted showing the name of the person doing the work,the hours spent by each person,a brief description of the work,and each reimbursable expense. City shall make monthly payments,based on such invoices,for services satisfactorily performed,and for authorized reimbursable costs incurred. City shall pay the last 10%of the total sum due pursuant to this Agreement within forty-five(45)days after completion of the services and submittal to City,if all services due pursuant to this Agreement have been satisfactorily performed. The total sum stated above shall be the total which City shall pay for the services to be rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Contractor in rendering services pursuant to this Agreement. City shall make no payment for any extra,further or additional service pursuant to this Agreement unless such extra service and the price therefore is agreed to in writing executed by the City Manager or other designated official of City authorized to obligate City thereto prior to the time such extra service is rendered and in no event shall such change order exceed twenty-five(25%)of the initial contract price. Standard Contractual Services Agreement BMS Design Group