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Determination of the amount of performance bond (Rule 3.05.2(1)) <br />The Division reviewed the reclamation cost estimate as provided and has added <br />indirect costs as necessary. <br />$44600.00 Direct costs, as estimated b applicant <br />$3514.00 Job Superintendent 60 hours X $58.56/hr <br />$5829.00 13.07% of direct costs includes profit, insurance, bond <br />$53943.00 Subtotal contract amount <br />$2293.00 Engineering 4.25% of contract <br />$2697.00 Reclamation management 5% of contract <br />$58933.00 Total Bond Required <br />Prior to initiating activities under the proposed NOI, the application must be <br />deemed complete and the Division must receive and accept a performance <br />bond in the amount of $58,933.00. Please also be advised that coal exploration <br />activities must comply with the performance standards and design requirements <br />of Rule 4.21. Please review this Rule prior to conducting any activities under the <br />NOI. <br />If you have questions or need additional information, please contact me. <br />Sincer ly, <br />Ken A. Gorham <br />Environmental Protection Specialist III