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Exhibit B (Method of Compensation) <br />STANDARD METHODS OF COMPENSATION <br />SELECT ONE OF THE FOLLOWING METHODS OF COMPENSATION, EACH OF WHICH IS <br />SUBJECT TO THE MAXIMUM COMPENSATION AMOUNT <br />☐ HOURLY RATE. The City shall pay Service Provider a sum equal to the amount of hours <br />actually worked multiplied by the rate identified below for staff performing the Work. <br />Name Title Rate <br />enter name enter title enter rate <br />enter name enter title enter rate <br />enter name enter title enter rate <br />enter name enter title enter rate <br />enter name enter title enter rate <br />enter name enter title enter rate <br />enter name enter title enter rate <br />If there are more staff than rows in the table above, then those staff names, titles, and rates shall <br />be provided in the Scope of Work. <br />☒ PROGRESS PAYMENTS. The City shall pay Service Provider the following amounts upon the <br />completion of the following tasks. <br />Task Amount Paid on <br />Task Completion <br />Task 1 Electrical Engineering and Design $25,000.00 <br />Task 2 Construction Bid Documents and Response $4,000.00 <br />Task 3 Construction Management and Closeout $6,600.00 <br />enter task enter amount <br />enter task enter amount <br />enter task enter amount <br />enter task enter amount <br />If there are more tasks than rows in the table above, then those tasks and payment amounts shall <br />be provided in the Scope of Work. <br />☐ LUMP SUM. The City shall pay Service Provider $ enter amount upon the completion of the <br />Work. <br />☐ METHOD CONTAINED IN SCOPE OF WORK. The City shall pay Service Provider as set forth in <br />the Scope of Work.