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  2. Finance Committee - Agenda - 5/16/2018 - P175

Finance Committee - Agenda - 5/16/2018 - P175

By dnadmin on Mon, 11/07/2022 - 11:40
Document Date
Wed, 05/16/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 05/16/2018 - 00:00
Page Number
175
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__051620…

EXHIBIT C
Compensation for Services

Client shall pay Consultant for services set forth in Exhibit A and in accordance with the provisions
of Article 4 of this Agreement as follows:

Actual Cost Plus Percent Fee Method of Payment

Construction Phase $ 83,592.00 Estimated Amount
Total Compensation $ 83,592.00 Estimated Amount

The total amounts include the Consultant's direct labor, overhead and percent fee of employees
engaged on the project, plus reimbursable expenses and Consultant's subconsultants, if any.
During the term of this Agreement, direct salaries may be adjusted as part of Hoyle, Tanner's
companywide revisions due to increases in cost of living as well as merit and shall not be limited
to employees assigned to provide services under this Agreement.

Reimbursable expenses include such items as transportation, postage, telephone, fax, printing
and equipment rental.

With approval of Client, Consultant may modify the amounts for individual phases to reflect
services actually provided by phase, which approval by Client will not be unreasonably withheld;
however, Consultant shall not exceed the total compensation without the approval of the Client.

Consultant shall bill for services based on direct labor charges plus overhead and percent fee,
reimbursable and subconsultant charges during the billing period.

Page 6

K:\902603\0-Contract\Construction Phase\Exhbit A - Const Services.docx

Page Image
Finance Committee - Agenda - 5/16/2018 - P175

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