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LERA ELECTRIC <br /> Page 2 <br /> City of Pleasanton <br /> January 9, 1989 <br /> <br /> Cost/Plus is defined as follows: <br /> <br /> Actual cost of material and labor, plus insurance on labor, <br /> plus the current rate per hour for Health & Welfare, plus <br /> 10% for overhead and 10% for profit on both material and <br /> labor. <br /> <br /> The cost of material is to be the actual invoice price for <br /> any material purchased for the job or a fair and reasonable <br /> price for material taken out of our stock (Biddle Book). <br /> <br /> Items of cost shall include all materials, direct shop labor, <br /> labor at the jobsite, insurance, taxes, licenses, inspection <br /> fees and cartage. <br /> <br /> The hourly rates and fringe benefits are subject to change in <br /> accordance with new agreements between the International Brother- <br /> hood of Electrical Workers. <br /> <br /> Our quotation does not include cutting, patching, plastering, <br /> painting, asbestos work or ceiling work. <br /> <br /> The above price is our guaranteed maximum and any savings effect- <br /> ed shall revert to the City of Pleasanton. <br /> <br /> Very truly yours, <br /> C~, INC. <br /> · '~! <br /> <br /> Steven Lewis <br /> <br /> SL/vk <br /> <br /> <br />