Laserfiche WebLink
<br /> <br />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 /> <br /> <br />C2.03 Other Provisions Concerning Payment <br /> <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 becomes <br />apparent to Engineer that the total compensation amount thus estimated will be exceeded, <br />Engineer shall give Owner written notice thereof, allowing Owner to consider its options, <br />including suspension or termination of Engineer's services for Owner's convenience. Upon <br />notice, Owner and Engineer promptly shall review the matter of services remaining to be <br />performed and compensation for such services. Owner shall either exercise its right to <br />suspend or terminate Engineer's services for Owner's convenience, agree to such <br />compensation exceeding said estimated amount, or agree to a reduction in the remaining <br />services to be rendered by Engineer, so that total compensation for such services will not <br />exceed said estimated amount when such services are completed. If Owner decides not to <br />suspend Engineer's services during negotiations and Engineer exceeds the estimated amount <br />before Owner and Engineer have agreed to an increase in the compensation due Engineer or <br />a reduction in the remaining services, then Engineer shall be paid for all services rendered <br />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.