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Confidential <br /> <br />PROFESSIONAL FEES <br /> <br />The fee for our services, based iUpoa;the ~boVeilimited scope, is $18,500.00 plus expenses <br />incurred. This is based on a pr~jeC~se¢~rity bedgct of $100,000. Any additional services <br />beyond the stated scope shall b0~ bill'el at tlie following rates: $.150.00 per hour for Principal <br />Consultant, $135.00 iper hour ~ senior C4n~ltant and $115.00 per hour for an Electrical <br />Engineer/Project Mahager. An~ticAD dra~ing~ t;e~luired will be billed at an hourly rate of $80.00 <br />per hour. Our current projeetiod for'cat) c[ra~Wings is $1,900.00. Billing for services will be 25% <br />down payment of f~, up to 90~(offee on ~. haOnflily invoice schedule due upon receipt, and a <br />10% hold hack until project completion haS. occurred. <br /> <br />The completion dat~ for the project Will be!seCured by agreement between the City of Ramsey <br />and SecuriCo. If Client desires!but'the pr~ct~b~ Completed at a specific time, every effort will <br />be made to complete the projee~ Within theldesfi'ed time frame. <br /> <br />Client agrees that S~curiCo is tg!use its bea~t skiJl,s and attention acting as a t-m class security <br />consultant to recommend design statldards} s~ySt~ms, policies, procedures, vendors, devices, etc. <br />that are reasonable in nature and!suitable to the Building. The client recognizes that SecufiCo is <br />not an insurer and t~t SecuriC01does n°t'r~preseng warrant or guaranty that the design standards, <br />systems, policies, procedures, v~ndors, dev;iees~ etc. it recommends will prevent or deter damage <br />to persons or property at alt times and Under all. circumstances. <br /> <br />The client acknowledges that they e°ntinu~ to be solely responsible for any insurance coverage <br />for any loss or damage to any ~onOr prOpertY?at their premises. Since it is extremely difficult <br />for SecuriCo to detej'mine the ~e.:ofor ]~unountofany loss that may be incurred due to any <br />action or inaction by SeeufiCo,:the elientagrees that SecuriCo's liability for any such loss shall <br />be hrmted to the amount ofth~s~Lett~r of Qn.derstandmg. This lmutat~on does not apply to gross <br />negligence. <br /> <br />We appreciate the opportunity ~6work wi~ You Heidi and the City of Ramsey project team. If <br />there are any changes or additi6~s to:the sdope of this letter, please c6ntact me at (952) 898-5500. <br />Thank you. <br /> <br />Sincerely, <br /> <br />James S. Andrews, President <br />SecuriCo, Inc. <br /> <br />Cc. Mr. Ted Redmond, BKV <br /> <br />Approved By: <br />Date: <br />Billing Address: <br /> <br />4 <br /> <br /> <br />