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Amendment No. 1 to OEA - Riverfront West Urban Neighborhood - Lochmueller Group
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Amendment No. 1 to OEA - Riverfront West Urban Neighborhood - Lochmueller Group
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2/25/2025 12:26:03 PM
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Board of Public Works
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Projects
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2/25/2025
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Page 3 <br />Exhibit C –Compensation Packet BC-2: Basic Services (other than RPR) – Standard Hourly Rates 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 />C. Estimated Compensation Amounts: <br />1. Engineer’s estimate of the amounts that will become payable for specified services <br />are only estimates for planning purposes, are not binding on the parties, and are not <br />the minimum or 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 <br />be exceeded, Engineer shall give Owner written notice thereof, allowing Owner to <br />consider its options, including suspension or termination of Engineer's services for <br />Owner's convenience. Upon notice, Owner and Engineer promptly shall review the <br />matter of services remaining to be performed and compensation for such services. <br />Owner shall either exercise its right to suspend or terminate Engineer's services for <br />Owner's convenience, agree to such compensation exceeding said estimated amount, <br />or agree to a reduction in the remaining services to be rendered by Engineer, so that <br />total compensation for such services will not exceed said estimated amount when <br />such services are completed. If Owner decides not to suspend the Engineer's services <br />during the negotiations and Engineer exceeds the estimated amount before Owner <br />and Engineer have agreed to an increase in the compensation due Engineer or a <br />reduction in the remaining services, then Engineer shall be paid for all services <br />rendered hereunder. <br />To the extent necessary to verify Engineer’s charges and upon Owner’s timely request, Engineer <br />shall make copies of such records available to Owner at cost. <br />
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