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..3: /ð- /7' CITY OF REDWOOD an Comprehensive Dollar Cost Bid Rates for Additional Professional Services: We are hesitant to simply state hourly rates, as often times the needs of the client and the specific tasks directly impact the billing rates for our services. We maintain a policy of flexible billing rates and try to work within client cost-control parameters. However, to provide the Cty with additional information, the following are our current published billing rateÐ for projects other thaJ;'\ those listed in the RFP: '. , , . " . ' . - , , ' -...- Partner Manager ~r___- Professional Staff Administrative Staff $ 235.00 $ 150.00 $ 125.00 - $ 100.00 $ 70.00 It is also Firm policy, during the term of the audit contract, to match the lowest qualified bid on additional financial related services required by the City. Manner of Payment: '!"'" -- Each Engagement Team member maintains detailed time sheets describing work performed, date of work, and amount of time spent on each task for the Engagement. The Finn will summarize the amount of time spent during the month and bill the City based on the hourly rates published in the proposal up to a maximum of 90%. The remaining 10% of the proposal amount will not be due until all final reports are delivered and accepted by the City. Based on our previous experience, the Oty can anticipate three billings as follows:~, ' :~-:==: "-'--- .n, "~~~;ì , - For inte~o!,k- - For year end work At presentation and acceptance of final reports Total 45% 45 --. . ~ 10 100 % Payment by the City is due 30 days after receipt of each billing. A late fee of 1.5% of the billed but unpaid balance will be added for each 30 day period the bill ----:_- -----;..:1 .