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KFB Management, Inc. <br />Scope of Services <br />Task 1. Partner interviews with a focus on sales and revenue model <br />• Review partner proposals and provide additional questions to shortlist partners <br />related to the revenue model <br />Participate in shortlist partner interviews <br />• Engage in calls with shortlist partners to drill down into revenue model and <br />understand key assumptions <br />Task 2. Financial evaluation and negotiations <br />• Help the selection team understand and compare the proposed revenue models <br />• Identify the key levers in maximizing revenue with each potential partner <br />• Assist in negotiating financial terms <br />Task 3. Coordination with legal on commercial terms for final agreement <br />• Translate negotiated commercial terms to legal terms for final agreement <br />• Work with city attorneys to include appropriate language related to the key <br />financial terms <br />• Include appropriate language related to the financial review and reporting <br />requirements for the term of the agreement <br />Compensation <br />KFB services will be billed on an hourly basis at a rate of $260 per hour. We do not anticipate <br />the need for travel, but if travel becomes necessary, KFB will seek prior approval from the <br />City to cover travel expenses. The estimated cost for the proposed scope of work is: <br />Task No. <br />Task Dascri tion <br />Hours <br />Total <br />1 <br />Partner Interviews <br />40 <br />$10,400 <br />2 <br />Financial Evaluation and Negotiations <br />30 <br />$7,800 <br />3 <br />Legal Coordination <br />20 <br />$5,200 <br />Total: $23,400 <br />KFB will bill the City monthly. Invoices are payable on net 30 payment terms from the date <br />of invoice. If additional services are required beyond those stated in the scope of work, KFB <br />will first seek City's approval prior to performing any additional work. <br />Term <br />KFB services will commence as soon as practical and shall end at the conclusion of the Digital <br />Billboard RFP process. <br />