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Version 6-8-2017 <br />APPENDIX "D" <br />Compensation <br />A. AMOUNT OFPAYMENT <br />1. The CONSULTANT shall receive as payment for the work performed under this Agreement the <br />total fee not to exceed ,170 unless a modification of the Agreement is approved in writing <br />by the LOCAL PUBLIC AGENCY. <br />2. The CONSULTANT will be paid for the work performed under this Agreement in accordance <br />with the following estimates: <br />Phase II: <br />a. Appraising $ 21,000.00 <br />22 Parcels (fees based on INDOT fee schedule dated 9/2017 with no markup); <br />i. Waiver Valuations (20 parcels at $630 per parcel) <br />ii. Short Forms (2 parcels at $4,200 per parcel) <br />b. Review Appraisals $ 4,000.00 <br />2 Parcels (fees based on INDOT fee schedule dated 9/2017 with no markup); <br />i. Short Forms (2 parcels at $2,000 per parcel) <br />C. Management and Supervision $ 23,100.00 <br />22 Parcels at $1,050 per parcel <br />d. Buying $ 39,270.00 <br />22 Parcels (fees based on INDOT fee schedule dated 9/2017 with no markup); <br />i. Partial Acquisitions (22 parcels at $1,785 per parcel) <br />B. METHOD OF PAYMENT <br />1. The CONSULTANT may submit a maximum of one invoice voucher per calendar month for <br />work covered under this Agreement. The invoice voucher shall be submitted to the LOCAL <br />PUBLIC AGENCY. The invoice voucher shall represent the value, to the LOCAL PUBLIC <br />AGENCY, of the partially completed work as of the date of the invoice voucher. The <br />CONSULTANT shall attach thereto a summary of each pay item in Section A.2. of this <br />Appendix, percentage completed and prior payments. <br />22 <br />