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<br />BUDGET NARRATIVE <br /> <br />.-..------..--.n-~_____U______b._______. .._ __._.. .__........~_.-__.____ <br /> <br />The notes for each line item requiring explanation on the Budget Form Is In the box to the Immediate right <br />of the Item and on the same line. Essergy reaffirms Its acceptance of the cost reimbursement nature of the <br />contract. Therefore, each bUdget line Item should be considered an approximation and "not-to-exceed" <br />number, to be billed as an actual cost, properly supported. Essergy affirms that It wllJ bill every cost as a <br />direct cost without overhead, except for labor. Labor overhead Is calculated below: <br /> <br />.___h__.__.__._..__......_.____~__._.._...._____~_~__.____~.______._..... <br /> <br />.-~---_.__......__.._,_..,,~-..-._._----_.__._..- <br /> <br />---.---.-...-.--.."'.'.-.....-...-------.-.-.---...-.....,-_.,--~.......-. <br /> <br />--.-...U,-.-..-.-~__.___________.__.___h..,_._.._._._,"",_' <br /> <br />ITEM PERCENT NOTES <br />Statutory labor overhead 13.15 <br />ProfessIonal liability /E&O 2.00 Insurance policies available upon request <br />Fringes 5.00 Includes 7 holidays, 1 week vacaton /year <br />TOTAL LABOR OVERHEAD 20.15 <br />ROUNDED FOR BUDGET 20.00 <br /> <br />~ _oJ -----......-.. . ..~._-_._-~-_.._----._.- --".---1 <br />Below Is a summary of the cost elements from the Budget Form. Note, profit Is 10% when calculated on <br />subtotal. <br /> <br /> <br />. ._"'~"'-.~- <br /> <br />........... --,...~".._-- - ..,.~-... ,~-~,--,_.... -~.. ,....- - <br /> ITEM ADMIN PROGRAM TOTAL PERCENT <br />Personnel (Including labor OH) 6,720 50,400 57,120 38.29% <br />Partners - 70,000 70,000 46.92% <br />Operating expenses 51500 3,000 8,500 5.70% <br />Profit 1,220 12,340 13,560 9.09% <br />TOTAL 13,440 1351740 149,180 100.00% <br />PERCENT 9.01% 90.99% 100.00% <br /> <br />EXHIBIT F <br />