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Rates and Not to Exceed Budget <br />R3 will perform the tasks set forth in the preceding scope of services, using a not to <br />exceed budget of fifty thousand dollars ($50,000) on a time and material basis at our <br />normal hourly rates as set forth in the following rate sheet. In the event less time is <br />requested by the City than is budgeted we will only invoice the City for the time incurred. <br />In the event more time is requested by the City than is budgeted we will provide the City <br />with an estimate of the level of effort needed to complete the project and only continue <br />after receiving approval from the City. <br />Billing Rates and Charges: <br />Technical Services <br />Principal $155 per hour <br />Project Manager $155 per hour <br />Consultant $155 per hour <br />Senior Manager $145 per hour <br />Manager $135 per hour <br />Senior Associate $125 per hour <br />Associate II $100 per hour <br />Associate I $75 per hour <br />Administrative Support $65 per hour <br />Reimbursable Costs <br />Consultants/Subcontractors cost <br />Lodging and meals cost <br />Travel -Private or company car $0.585 per mile (or as <br /> adjusted by the IRS) <br />Travel -Other cost <br />Delivery and other expenses cost <br />Page 4 <br />