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7.01 Basis of Payment —Lump Sum <br />A. Using the procedures set forth in Paragraph 2.01, Owner shall pay Engineer as <br />follows: <br />1. Hourly, not to exceed $21,450.00. <br />B. The portion of the compensation amount billed monthly for Engineer's services will <br />be based upon Engineer's estimate of the percentage of the total services actually <br />completed during the billing period. <br />C. Fees for optional services outlined in the Engineer's Proposal will be billed in <br />accordance with this paragraph and Paragraph 2.01 at the rates provided in the <br />Engineer's Proposal. <br />7.02 .ode itional Services: For additional services of Engineer's employees engaged <br />directly on the Project, Owner shall pay Engineer an amount equal to the <br />cumulative hours charged to the Project by each class of Engineer's employees <br />times standard hourly rates for each applicable billing class; plus reimbursable <br />expenses and Engineer's consultants' charges, if any. Engineer's standard hourly <br />rates shall be negotiated at the time the additional services are requested. <br />Attachments: Appendix 1, Engineer's Standard Hourly Rates <br />Exhibit A, Engineer's Proposal <br />---REMAINDER OF PAGE LEFT BLANK INTENTIONALLY --- <br />Page b <br />EJCDC E-500 Agreement Between Owner and Engineer for Professional Services <br />Copyright © 2008 National Socie of Professional En ineers for EJCDC. All ri hts rescrvcd. <br />