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understand that project schedules often change and can be driven by differing factors. Thus, this schedule is flexible, and we will work with the City to help meet project deadlines as necessary. Ascent proposes to complete the scope of work identified above for an estimated fee of $18,900. A summary by task is provided below. TASK Task 1. Project Initiation/Kickoff ESTIMATED FEE $900 Task 2. Initial Peer Review of CEQA Exemption and Technical Studies $12,000 Task 3. Backcheck Peer Review of CEQA Exemption and Technical Studies $3,000 Task 4. Project Management and Meetings $3,000 Total $18,900 Cost Assumptions The proposed estimated price is presented above. To promote clarity, the following assumptions explain the basis of the proposed price. The price is estimated based on a good -faith, current understanding of the project. If selected, Ascent is interested in discussing the City's needs and revising the scope of work and price, as warranted, to meet expectations. • Proposed Price Validity. The price proposed to carry out the scope of work is valid for 120 days from the date of submittal, after which it may be subject to revision. • Time -and -Materials Cost. The proposal is a not -to -exceed price to perform the proposed scope of work. Monthly invoices will be submitted based on a time -and -materials basis occurring in each billing period. • Price and Staff Allocation to Tasks. Labor and other direct costs have been allocated to tasks to determine the total budget. Ascent may reallocate costs and labor resources, as needed, as long as the total contract price is not exceeded. • Meetings and Conference Calls. The number and duration of proposed meetings and conference calls are specified. If they are exceeded, a budget augmentation may be warranted. • Scope of Analysis. The price is based on the proposed scope of analysis. If new technical issues, alternatives, field surveys, modeling, or analysis is identified after contract execution, a budget amendment may be warranted. • Review of Modeling Outputs. Ascent will conduct a cursory review of modeling appendices for consistency (if provided); however, this scope does not include detailed review or investigations into the modeling software or outputs. CITY OF SANTA ANA 11 CF.OA CLASS 32 EXEMPTION PEER REVIEW FOR THE EXTRA SPACE STORAGE AT FOURTH STREET