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EXHIBIT II <br />METHOD OF PAYMENT <br />2.1 For basic services under Section 1. Basic Work of the Contractor as <br />described in Exhihit I, CITY shall pay CONTRACTOR for Completion of <br />the Phase I, Phase II and Phase III Work for the NEW NORTH <br />OLMSTED BRANCH LIBRARY SITE DEMOLITION CONTRACT as <br />contained in the CONTRACTOR'S 2002 bid <br />attached hereto as Exhibit IV and made a part hereof. <br />2.1.1 The CITY sha11 make total payments to the CONTRACTOR for the <br />Phase I Work in a total amount not to exceed <br />$ (---------------------- DOLLARS). <br />2.1.2 The CITY sha11 make total payments to the CONTRACTOR for the <br />Phase II Work in a total amount not to exceed <br />$ (---------------------- DOLLARS). <br />2.1.3 The CITY shall make total payments to the CONTRACTOR for the <br />Phase III Work in a total amount not to exceed <br />$ (---------------------- DOLLARS). <br />2.1.4 The CONTRACTOR shall submit monthly invoices to the CITY for <br />the Section 1. Basic Work of the Contractor performed by the <br />CONTRACTOR. <br />2.1.5 The CITY sha11 review each monthly invoice submitted by the <br />CONTRACTOR within ten (10) calendar days of the CITY'S receipt <br />of each monthly invoice submitted by the CONTRACTOR. <br />2.1.6 The CITY sha11 notify the CONTRACTOR within fifteen (15) <br />calendar days of the CITY' S receipt of each monthly invoice of any <br />amount(s) contained in the monthly invoice that will not be paid by <br />the CITY due to: (1) inadequate documentation for the amount(s) <br />requested; (2) the amount(s) requested being outside the scope of <br />services in Section 1. Basic Work of the Contractor; and (3) the <br />