Laserfiche WebLink
Page 5 <br />Exhibit C – Compensation Packet BC-4: Basic Services (other than RPR) – Direct Labor Costs Times a Factor Method of Payment <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 />C2.03 Other Provisions Concerning Payment <br />A.Whenever Engineer is entitled to compensation for the charges of Engineer’s Consultants, those <br />charges shall be the amounts billed by Engineer’s Consultants to Engineer times a factor of . <br />B.Factors: The external Reimbursable Expenses and Engineer’s Consultant’s factors include <br />Engineer’s overhead and profit associated with Engineer’s responsibility for the administration of <br />such services and costs. <br />C.Estimated Compensation Amounts: <br />1.Engineer’s estimate of the amounts that will become payable for specified services are only <br />estimates for planning purposes, are not binding on the parties, and are not the minimum or <br />maximum amounts payable to Engineer under the Agreement. <br />2.When estimated compensation amounts have been stated herein and it subsequently <br />becomes apparent to Engineer that the total compensation amount thus estimated will be <br />exceeded, Engineer shall give Owner written notice thereof, allowing Owner to consider its <br />options, including suspension or termination of Engineer's services for Owner's <br />convenience. Upon notice, Owner and Engineer promptly shall review the matter of <br />services remaining to be performed and compensation for such services. Owner shall <br />either exercise its right to suspend or terminate Engineer's services for Owner's <br />convenience, 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 compensation <br />for such services will not exceed said estimated amount when such services are completed. <br />If Owner decides not to suspend Engineer's services during negotiations and Engineer <br />exceeds the estimated amount before Owner and Engineer have agreed to an increase in the <br />compensation due Engineer or a reduction in the remaining services, then Engineer shall be <br />paid for all services rendered hereunder. <br />3.To the extent necessary to verify Engineer’s charges and upon Owner’s timely request, <br />Engineer shall make copies of such records available to Owner at cost.