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T0: - Colorado Westmoreland, Inc. <br />DATE: ,7uly 16, 1981 <br />PAGE: - 5 - <br />COST ESTIMATE <br />We propose to perform the work outlined on a time-and-expense- <br />basis.The attached GEO-HYDRO Contract Conditions show the hourly <br />billing rates of our employees and other charges. We have <br />estimated that GEO-HYDRO fees for Phase 2 would not exceed <br />$ .A detailed break down of costs is presented in the <br />attached Table 1. <br />Our cost estimate does not include the costs of drilling and <br />testing; costs of drilling would be estimated after your evalua- <br />ation of the drilling contractors' proposals which are being <br />submitted to you at the present time. We estimate that the cost <br />of the soil and chemical testing would be on the order of $ <br />~* <br />:~:~~~~~ <br />• We appreciate the opportunity of preparing this proposal for <br />your consideration. We hope that you will find the contents of <br />this proposal commensurate with your requirements and that we <br />may be of further assistance to you on this interesting project. <br />Yours very truly, <br />GEO-HYDRO CONSULTING. INC. <br />~,,~,,~ <br />19ichal Bukovansky <br />President <br />Encs. <br />cc: Mr. Christopher K. Seglem <br />Vice-President <br /> <br />