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E <br /> II. Compensation and Budget <br /> The Covello Group Inc.'s hourly rates for professional services are as <br /> follows: <br /> Senior Principal (Joseph Covello, P.E.) $200.00 per hour <br /> Project Manager (Pat Geist) $130.00 per hour <br /> Administrative Assistant (Cindy Park) $ 70.00 per hour <br /> The above rates are valid until May 31, 2004. The above rates <br /> include all normal direct costs such as local San Francisco Bay Area <br /> travel, telephone, fax, in-house reproductions, computer usage, etc. <br /> Extraordinary expenses such as travel outside the Bay Area (including <br /> lodging, airfare, ground transportation, etc.), outside reproductions, <br /> delivery services, etc., are invoiced at cost. Professional sub-consultants <br /> that are required to be engaged by The Covello Group will be invoiced <br /> at cost plus 10%. We also charge time for one-way travel when our <br /> billings to a client are less than eight (8) hours in one day. <br /> We suggest an initial budget allowance as follows: <br /> J. Covello 12 hours @ $200/hour $ 2,400 <br /> P. Geist 34 hours @ $130/hour $ 4,420 <br /> C. Park 2 hours @ $ 70/hour $ 140 <br /> Expenses $ 40 <br /> $ 7,000 <br /> Details of this proposed work effort and estimated budget are enclosed as <br /> Attachment A. <br /> III. Time of Performance <br /> Perform all work in a timely manner to accommodate the City council's <br /> deliberations and prior to a construction start of June 15, 2004. <br /> Activity No. 5 shall be completed by December 31, 2004. <br /> IV. Terms & Conditions <br /> 1. Invoices are due and payable within thirty (30) days of invoice <br /> date. <br /> 2. It is our policy to limit our liability to the amount of our fee. <br /> Cg <br />