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. Ms. Michelle Wolfe August 23, 2005 Page 2 ESTIMATED COSTS We propose that the basic services identified above be completed on a percentage of construction cost basis consistent with the terms of our Professional Services Agreement. It is estimated that the project construction cost will bc approximately 5345,000.00. An outline of our estimated fees and direct expenses for the project are detailed below: Estimated Fees for Basic Services Percentage Multiplier to be used for Basic Services based upon estimated construction cost of5305,000.00 and curve included on Exhibit D of thc Profcssional Services Agreement: 7.6%. Since we are not required to prepare a feasibility report for this project our fees for design and bidding services arc 65% of the chart percentage => 4.94%. Total fec for design and bidding services: 4.94% of Construction Cost: $15,070.00 . Construction Services 10.0% of Construction Cost per the Professional Services Agreement 530,500.00. We propose to provide complete construction services for 7.5% due to the lowcr relative administrationlinspection effort per dollar cost for plantings. Construction services include plant inspections in 2007 and 2008 with direction to contractor on replacement of plant materials throughout warranty period. Total fee for construction services is therefore 7.5% ofJ05,000 =>$22,875.00. Direct Expenses Direct expenses for the project include items such as mileage, parking, photography, printing and delivery services. Construction materials testing services performcd by AET are also included as a part of the anticipated expense budget. URS will bill all expenses incurred on the project directly to the City with no URS markup. Expenses are anticipated to include construction materials testing ($250), printing and distribution of plans ($1,000), courier and miscellaneous costs ($50) and mileage ($200). The total estimated amount for direct expenses is $1,500.00 ESTIMATED FEE SUMMARY Busic Services (percent of construction cost) Construction Services (percent of construction cost) Expenses (estimated, no markup) Total Estimated Fee $ 15,070.00 $ 22,875.00 $ 1.500.00 $ 39,445.00 All work, therefor is estimated to be complete for a total amount of $39,445.00. Final amounts for Basic Services and Construction Services will be based upon the actual construction cost ofthe project in accordance with the Professional Services Agreement. . Thresher Square 700 Third Street South Minneapolis, MN 55415 Phone: (612) 370-0700 Fux: (612) 370-1378