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/ 1 , <br /> SECTION V. PAYMENT <br /> A. BASIS OF BILLING. <br /> City shall pay the Consulting Engineer for services rendered as outlined in Exhibit A—Scope of <br /> Work for the following phases in the following payment methods and amounts shown below. <br /> Phase Method of Pavment Amount <br /> Design Lump Sum $545,000 <br /> Permitting and Bidding Time and Expenses $26,000 <br /> Construction Time and Expenses $266,000 <br /> SRF Loan Assistance Lump Sum $34,000 <br /> Services billed at Time and Expenses shall be Not to Exceed Costs and in accordance with the <br /> Hourly Rate Schedule shown in Exhibit H. For purposes of this agreement, Direct Labor Costs <br /> shall not include indirect payroll related costs or fringe benefits. <br /> B. SUBCONSULTANT. The City shall pay the Consulting Engineer far services and <br /> reimbursable expenses of subconsultants engaged by the Consulting Engineer with the approval <br /> of the City's Representative,the amount billed by the Subconsultant to the Consulting Engineer <br /> times an approved multiplier of 1.10. <br /> C. REIMBURSABLE EXPENSES. In addition to payments provided for in paragraphs A and B <br /> of this Section,the City shall pay the Consulting Engineer the actual costs of all Reimbursable <br /> Expenses incurred in connection with all Basic and Additional Services. Reimbursable Expenses <br /> means the actual expenses incurred directly in connection with the Project for transportation costs <br /> on the basis of actual cost if public transportation is used, subsistence incidental thereto,toll <br /> telephone calls, reproduction of reports, drawings, specifications and similar project-related items <br /> in addition to those required under Section II. <br /> If the Consulting Engineer's vehicles are used on the project,the City shall pay the Consulting <br /> Engineer the current Internal Revenue Service standard mileage rate per mile for use of the <br /> vehicle. <br /> D. PAYMENT FOR WORK COMPLETED <br /> 1. Monthly progress payments may be requested by the Consulting Engineer for work satisfactorily <br /> completed and shall be made by the City to the Consulting Engineer as soon as practicable upon <br /> submission of statements requesting payment by the Consulting Engineer to the City. Each <br /> statement shall be accompanied by an Invoice Data Sheet as shown in Exhibit L If the Consulting <br /> Engineer prefers,the Invoice Data sheet may serve as the Consulting Engineer's invoice. <br /> 2. The Consulting Engineer shall prepare a monthly progress report indicating the amount of work <br /> completed based on the approved scope of work and any approved addendums. The Consulting <br /> Engineer shall also prepare a progress chart showing the upper limit of compensation approved <br /> by the contract,the planned time of completion, the estimated completion to date,the percentage <br /> of the approved contract amount earned,the percentage of elapsed time, and the currently <br /> 14 <br />