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EXHIBIT B <br /> PAYMENT SCHEDULE <br /> City shall pay Contractor an amount not to exceed the total sum of Twenty-Eight <br /> Thousand Dollars ($28,000) for services to be performed and reimbursable costs incurred <br /> pursuant to this Agreement. Contractor shall submit invoices, not more often than once a month <br /> during the term of this Agreement, based on the cost for services performed and reimbursable <br /> costs incurred 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. 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 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 /> The total sum stated above shall be the total which City shall pay for the services to be <br /> rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for <br /> Exhibit`B" Page 1 of 2 <br /> f:Uuke\contracts\dwntn-revit.b.doc <br />