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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 follows: <br />1. A Lump Sum amount of $464.25 per test set. <br />2. The total not to exceed amount of this agreement is $9,285.00 <br />B. The portion of the compensation amount billed monthly for Engineer's services will be based upon <br />Engineer's estimate of the percentage of the total services actually completed during the billing <br />period. <br />[or] <br />7.02 Additional Services: For additional services of Engineer's employees engaged directly on the <br />Project, Owner shall pay Engineer an amount equal to the cumulative hours charged to the Project <br />by each class of Engineer's employees times standard hourly rates for each applicable billing class; <br />plus reimbursable expenses and Engineer's consultants' charges, if any. <br />Page 5 <br />EJCDC E-500 Agreement Between Owner and Engineer for Professional Services <br />Co yri ht © 2008 National Society of Professional Engineers for EJCDC. All rights reserved. <br />