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C2.03 Other Provisions Concerning Payment <br />A. Whenever Engineer is entitled to compensation for the charges of Engineer's <br />Consultants, those charges shall be the amounts billed by Engineer's Consultants to <br />Engineer times a factor of 1.2. <br />B. Factors. The external Reimbursable Expenses and Engineer's Consultants' factors <br />include Engineer's overhead and profit associated with Engineer's responsibility <br />for the administration of such services and costs. <br />Estimated Compensation Amounts: <br />11 Engineer's estimate of the amounts that will become payable for specified <br />services are only estimates for planning purposes, are not binding on the <br />parties, and are not the minimum or maximum amounts payable to Engineer <br />under the Agreement. <br />2. When estimated compensation amounts have been stated herein and it <br />subsequently becomes apparent to Engineer that the total compensation amount <br />thus estimated will be exceeded, Engineer shall give Owner written notice <br />thereof, allowing Owner to consider its options, including suspension or <br />termination of Engineer's services for Owner's convenience. Upon notice, <br />Owner and Engineer promptly shall review the matter of services remaining to <br />be performed and compensation for such services. Owner shall either exercise <br />its right to suspend or terminate Engineer's services for Owner's convenience, <br />agree to such compensation exceeding said estimated amount, or agree to a <br />reduction in the remaining services to be rendered by Engineer, so that total <br />compensation for such services will not exceed said estimated amount when <br />such services are completed. If Owner decides not to suspend the Engineer's <br />services during the negotiations and Engineer exceeds the estimated amount <br />before Owner and Engineer have agreed to an increase in the compensation due <br />Engineer or a reduction in the remaining services, then Engineer shall be paid <br />for all services rendered hereunder. <br />C. To the extent necessary to verify Engineer's charges and upon Owner's timely <br />request, Engineer shall make copies of such records available to Owner at cost. <br />Exhibit C - Page 3 <br />EJCDC E-500 Agreement Between Owner and Engineer for Professional Services <br />Copyright © 2008 National Society of Professional Engineers for EJCDC. All rights reserved. <br />