PSA - Design and Oversee Construction of Bendix Theater Esports Arena Renovations & Technology Upgrades - SimplyNew

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Professional Fees and Expenses Professional fees and expenses associated with each of four SIMPLYNEW services presented herein will total $180,000. This includes the fixed travel budget outlined in this proposal and reasonable out-of-pocket expenses to complete the project. Based upon our payment terms, we will require a retainer of 50% of the total fees upon notice to proceed, and 35% upon the completion of the Design documents and the remaining 15% of the fees will be due upon completion of the build supervision or within six months of completion of Design documents whichever comes first. Should additional work be required or expenses incurred beyond or out of the scope of services detailed herein, professional fees and expenses will be billed on an hourly or daily rate basis. Total professional fees for additional services will depend on the number of hours or days required to complete the services and skill levels of the assigned personnel. Conditions of Work Information and Data. SIMPLYNEW is entitled to assume, without independent verification, the accuracy of all information and data that the Client provides to SIMPLYNEW. All information and data to be supplied will be complete and accurate to the best of the Client's knowledge. SIMPLYNEW will use information and data furnished by others if SIMPLYNEW in good faith believes such information and data to be reliable; however, SIMPLYNEW shall not be responsible for, and SIMPLYNEW shall provide no assurance regarding, the accuracy of any such information or data. SIMPLYNEW shall be providing advice and recommendations to the Client; however, all decisions in connection with the implementation of such advice and recommendations shall be the Client's responsibility. SIMPLYNEW shall have no responsibility for any decisions made by the Client relating to SIMPLYNEW's services hereunder. SIMPLYNEW shall have no responsibility for any assumptions provided by the Client, which assumptions shall be the Client's responsibility. The deliverables may include estimates of annual operating results based upon courses of action that the Client expects to take prior to and during the period under analysis. The Client is responsible for representations about its plans and expectations, and for the disclosure of significant information that might affect the estimated results. Documentation. mentat'ion. Any Documentation prepared by SIMPLYNEW are valid only when presented in their entirety and only for the purpose stated therein. It is expressly understood that (a) SIMPLYNEW's Documentation, suggestions, analyses and conclusions, if any, do not, in whole or in part, constitute a fairness or solvency opinion and (b) SIMPLYNEW will not perform any review, audit or other attestation procedures with respect to financial information as defined by the American Institute of Certified Public Accountants and will not issue any opinion, report or other form of assurance with respect to any financial information. There will usually be differences between the estimated and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. Should the Client have any reservations with regard to the estimates, we will discuss them with the Client before the documentation is issued. Any partially completed work products and drafts presented to the Client are for internal use only.