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Xicon Economics
Post Office Box 61478
Savannah.Georgia 31426
United States of Arnenca
x1con www.xiconeconomics.com
+1 912 536 4182
Date: January 10, 2017
To: Robin Crough, MPA, City Clerk, Bozeman, Montana
Re: Fee Structure for RFP,Professional Services to Conduct Economic&Demographic Analysis Services in support
of a Comprehensive Plan Update, Land Use Projection
On behalf of Xicon Economics,we hereby propose the following fee structure for completion of said work:
Fixed Fee
Xicon Economics will complete the work noted herein subject to the RFP and pending contract fora Fixed Fee of One
Hundred Twenty-Five Thousand Dollars and No Cents($125 000.00) with the fee paid in three installments as noted
below:
1. One-third will be paid after completion of the Socio-Economic Analysis (without written narrative)
2. One-third will be paid after completion of the Economic Analysis(without written narrative)
3. One-third will be paid after Final written copies of the study are delivered
Estimated Fee Distribution
Direct Expenses: $ 12,000.00
Labor Expenses: $ 113,000.00
Total Fixed Fee: $125,000.00
Note: The work herein will be completed under a Fixed Fee contract,otherwise known as a Lump Sum contract;as
such,the Total Fee noted is fixed.
We appreciate your considering our proposal. I can be contacted at+1 912 536 4182,
Kind Regy ds,
f
Herbert M Barber,Jr, PhD, PhD
Principal Economist