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114 <br />Cost Proposal <br />Defined by Impact. Driven by People. Dedicated to the Community. <br />Dcugf"qp"OIVҀu"wpfgtuvcpfkpi"qh"vjg"rtqlgev"cpf"qwt"gzrgtkgpeg."yg"rtqrqug"eqorngvkpi"vjku" <br />project for an overall total fixed cost of$13,050 We take pride in customizingthe project scope <br />cpf"dwfigvvq"oggv"vjgpggfuqh"qwt"enkgpvu"Ѽ"and we will work with you to ensure the project <br />work plan and our fees are aligned with your expectations and budget. We have listed the <br />hours and professional feesfor each study taskbelow. <br />Exhibit 2. Proposed Cost by Task <br />Professional <br />Primary TasksTOTAL ($) <br />Hours <br />1.0 Study Initiation and Communications4 900 <br />2.0 JobData Collection and Analyses8 1,800 <br />3.0 Market Data Collection and Analyses9 2,025 <br />4.0 Classification and Compensation Plan 10 2,250 <br />5.0 Recommendations and Implementation Guidance102,250 <br />6.0 Reports and Presentations9 2,025 <br />7.0 Job Description Updates8 1,800 <br />SUBTOTAL, Hours and Fees5813,050 <br />Travel Expenses (as applicable) -0 <br />Anticipated Expenses (software fees, etc. as applicable) - 0 <br />GRAND TOTAL, Hours and Fees58$13,050 <br />This quote is firm and irrevocable for a period of one year, after which prices may increase. <br />SITE VISITS <br />If the Cityrequests any in-person meetingsin addition to the work plan scope and costs <br />detailed above, MGT will provide an additional estimate for travel and related expenses. MGT <br />can and has successfully performed all tasks virtually, providing significant cost savings for our <br />clients. <br />Payment Schedule <br />Payment will be due as follows: 40% of the professional fees will be due after the initial project <br />meeting (Task 1 completion), 40% upon completion of market data collection and analyses <br />(Task 3), and the remaining 20% balance will be billed after the study is completed (completion <br />of Task 8, final report submission). Invoices will be sent to the City and are payable within 30 <br />days of receipt. <br />CITYOF CENTERVILLE| OCTOBER10, 2025 <br />PAGE 19 <br />RFP | CLASSIFICATION, COMPENSATION, AND PAY EQUITY STUDY <br /> <br />