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<br />KORTECH CONSULTING/ INC. <br /> <br />Page 2 <br /> <br />Costs <br /> <br />KorTech estimates that the work described above may be completed within 400 hours. However, <br />the WSP enhancements and requirements for budget-based billing have not been fully defined, <br />so this estimate may need to be adjusted up or down. <br /> <br />KorTech will bill for actual time worked. The rate for Bill's work is $150/hr, meaning a maximum <br />labor fee of $60,000. No other fees will be assessed. <br /> <br />Qualifications <br /> <br />We feel that Bill's work over the past 8 years on the Water Allocation Program, together with his <br />extensive background in enterprise architecture analysis and web-database integration, qualify <br />him uniquely to perform this work. <br /> <br />KorTech Consulting, Inc. <br /> <br />KorTech is a California corporation founded in 1998. Its clients include Lockheed Martin, City of <br />Redwood City, MMBS Inc., and Palo Alto Medical Foundation. KorTech maintains business <br />liability insurance and is licensed to conduct business in Redwood City. <br /> <br />Sincerely, <br /> <br />Bill Korbholz <br />President, KorTech Consulting, Inc. <br />