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<br /> Page 6 <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 />Services and services of Engineer’s consultants, if any. The percentage of Construction <br />Costs noted herein accounts for labor, overhead, profit, and reimbursable expenses. <br />2. As a basis for payment to Engineer, Construction Cost will be based on one or more of the <br />following determinations with precedence in the order listed: <br />a. For work designed or specified by Engineer and incorporated in the completed Project, <br />the actual final cost of the work performed by Contractor. <br />b. For work designed or specified by Engineer but not constructed, the lowest bona fide <br />bid received from a qualified bidder for such work; or, if the work is not bid, the lowest <br />bona fide negotiated proposal or contractor’s estimate for such work. <br />c. For work designed or specified but not constructed, upon which no bid, proposal, or <br />estimate is received, Engineer’s most recent opinion of probable Construction Cost. <br />B. The portion of the compensation amount billed monthly for Engineer's services will be based <br />upon Engineer's estimate of the percentage of the total services actually completed during the <br />billing period. <br />[or] <br />7.01 Basis of Payment—Direct Labor Costs Times Factor, Plus Reimbursables <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 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 $ . <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. Engineer's standard <br />hourly rates are attached as Appendix 1. <br />Attachments: Appendix 1, Engineer's Standard Hourly Rates <br />