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C. COMPENSATION <br /> Engineer agrees to perform the work within the costs set out in the estimated project <br /> costs descriptions contained in Exhibit A, attached and incorporated herein. Costs are <br /> estimated by task for project management purposes and, by mutual agreement of the State and <br /> Engineer, may be reassigned from one task to another. Maximum compensation to Engineer <br /> available under this contract, and the firm fixed price for all services, is $ 80,685.00. <br /> To allow for a proper review of task work products by the State and responses to that <br /> review by Engineer, the State will not approve billings which exceed 95 percent of the task <br /> budget until all draft work products associated with the task have been provided to the State for <br /> review. After that point, the five percent is to be used by Engineer to respond to comments <br /> generated by the State review of said work products. <br /> The estimated costs for tasks are based on Engineer's best judgement of the expenses that <br /> will be incurred associated with the attached detailed scope of services. It is recognized that <br /> the State may require additional activities not contemplated at the time of scope preparation and <br /> that these additional activities may require adjustments of cost estimates and schedules and will <br /> be routed through an amendment. <br /> The Engineer agrees this is a time and materials contract. Engineer's invoice statements <br /> will be provided monthly to the State itemizing hourly charges by person and other direct <br /> costs. Hourly rates and rates for other direct costs to be used by Engineer are provided in <br /> Exhibit B (attached and incorporated herein). Billable rates for individuals not listed in Exhibit <br /> B will be negotiated between Engineer and the State and incorporated through the amendment <br /> process. All payments are due within 30 days of the invoice date. <br /> Ten (10) percent of each invoiced amount will be retained by the State and provided to <br /> Engineer within thirty days of the completion of the Contract. Contract completion includes <br /> delivery of the work products specified in the Scope of Services (Exhibit A) and acceptance of <br /> those products by the State. It is recongized that the State may require additional activities not <br /> contempleted at the time of scope preparation and that these activites may required adjustments <br /> of schedule and will noted through the amendment process. Under this circumstance, the <br /> retained fees associated with this original contract shall be payable with 30 days of completion <br /> of the scope of work included in Exhibit A. <br /> D. DELIVERABLES <br /> Engineer shall deliver the following quantity of products to the State which have been <br /> specified in the attached scope of services: <br /> 1. Two (2) paper copies of each monthly progress report. <br /> Page 4 of 11 <br /> 01/26/01 <br />