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2. Pavment Terms. <br />Contractor shall provide the services outlined herein for a lump sum of $173,800.00. <br />Fees will be billed on a per milestone basis upon completion of each milestone as <br />delineated below. Contractor shall submit milestone -based invoices which include a <br />description of the service(s) performed, the number of staff and tabor hours, description <br />of materials, and quantity and cost of materials, if any. <br />Invoice Milestones: <br />Milestone 1: Signed Contract (10% Contract Amount) <br />Milestone 2: Completion of 152 Floor—Reading Room/ <br />Stacks Area <br />Milestone 3: Completion of I" Floor- Children's Area <br />Milestone 4: Completion of 2"d Floor -Project Area <br />Milestone 5: Completion of 2"d Floor -Admin Area <br />Total: <br />Contractor will submit invoices to: <br />City of Redwood City <br />Attention: Vicki Sherman <br />Department of Public Works Services <br />1400 Broadway Street <br />Redwood City, CA 94063 <br />Page 11 of 11 <br />REV: 12-14-17 Ml <br />ATTY/AGR.2017.293/On the Surface Flooring <br />$17,380.00 <br />$51,618.60 (33%) <br />$45,361.80 (29%) <br />$26,591.40 (17%) <br />$32,848.20 (21%) <br />$173,800.00 <br />