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1: C <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum of Forty Thousand and <br />No/100 dollars ($40,000) for services to be performed and reimbursable costs incurred pursuant <br />to this Agreement. Contractor shall not submit invoices more often than twice a month during <br />the term of this Agreement, based on the cost for services performed and reimbursable costs <br />incurred prior to the invoice date. Invoices shall contain the following information: <br />Serial identifications of progress bills, i.e., Progress Bill No. 1 <br />2. Beginning and ending dates of the billing period <br />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 />5. Reimbursable Costs limited to Twelve Hundred Dollars and No/100 ($1,200.00) <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 to be <br />rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for <br />any expense or cost whatsoever incurred by Contractor in rendering services pursuant to this <br />Agreement. <br />Contractual Services Agreement Page 5 of 14 <br />Quilombo Enterprises ICM 9-02 <br />