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1 <br />i <br />i <br />� Y <br />=�;Mrmqwwl <br />MEM <br />7.01 Basis of Payment —Direct Labor Costs Times Factor, Plus Reimbursabler <br />A. Using the procedures set forth in Paragraph 2.01, Owner shall pay Engineer as follows: <br />1. An amount equal to Engineer's Direct Labor Costs times a factor of 3.1521 for services of <br />Engineer's employees engaged on the Project, plus reimbursable expenses, and Engineer's <br />consultants' charges, if any. <br />2. The total compensation for services and reimbursable expenses is estimated to be $39,500, <br />3. Engineer's Standard Hourly Rates are attached as Appendix 1. <br />`.ti�r.�r�a<rfrss?rt <br />.f�r_�cs <br />Attachments: Appendix 1, Engineer's Standard Hourly Rates <br />Appendix 2, Engineer's Detailed Scope of Work <br />Page b <br />EJCIDC E-500 Agreement Between Owner and Engineer for Professional services <br />Copyright c0 2008 National Society of Professional Engineers for EXPC. All rights reserved. <br />