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Professional Services Agreement <br />Hamline Avenue and Shorewood Drive Improvement Project <br />Job Number: 181582 <br />5/3/2021 <br />Page 5 of 10 <br /> <br />Version2.3 5.3.2021 <br />5.0 Professional Services Fee <br />5.1 Fees <br />The fee for services will be based on COMPANY standard hourly rates current at the time <br />the AGREEMENT is signed. <br />5.2 Invoices <br />Invoices for COMPANY’s services shall be submitted, on a monthly basis. Invoices for <br />COMPANY’s services will be submitted, on a monthly basis <br />5.3 Extra Services <br />Any service required but not included as part of this AGREEMENT shall be considered extra <br />services. Extra services will be billed on a Time and Material basis with prior approval of <br />the CLIENT. <br />5.4 Exclusion <br />This fee does not include attendance at any meetings or public hearings other than those <br />specifically listed in the Scope of Services. These service items are considered extra and <br />are billed separately on an hourly basis. <br />5.5 Payment <br />The CLIENT AGREES to pay COMPANY on the following basis: <br />Time and material basis with a Not to Exceed fee of $24,714. <br />See attached Cost Estimate Table for a cost breakdown. <br /> <br />