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s <br />ka <br />Work on the project shall commence upon approval of the contract <br />by MN /DOT and FAA and receipt of a Notice to Proceed from the <br />Sponsor and HN /DOT and shall be completed within tan (10) months <br />thereaf <br />This Article addresses a provisional overhead ra ; :�r applicable to the <br />Engineer's labor costs for work performed on Phase I of the project. <br />Where a higher rate can be substantiated after work under the agree- <br />ment has been performed, a retroactive adjustment will be made at the <br />time of final payment subject to audit confirmation. <br />1. A provisional overhead.rate of 118.30% of the direct labor <br />costs will be used for the purpose of making partial payments <br />to the consultant. <br />2. Final payment due to the consultant and the subconsultant <br />will be based on actual acceptable costs as determined by <br />Mn /DOT audit. The audit will-be conducted in accordance with <br />the cost principles and procedures set forth in the Code of <br />Federal Regulations, Title 48, Chapter 1, Federal Acquisition <br />Regulations, Part 31, which are made a part hereof by <br />reference with the same force and effect as though fully set <br />forthh erein. <br />ATTEST: CITY OF RAMSEY <br />By: <br />Title <br />ATTEST: <br />Date <br />CITY OF RAMSEY <br />By: <br />Title <br />Date <br />ATTEST: <br />. <br />HAKANSON ANDERSON ASSOCIATES, INC. <br />By, <br />Title <br />Date <br />Q <br />