Traffic, Surveying & Development Professionals

Exhibit F: Method of Billing

I.    Method Billing

The services provided by the Newton Engineering Group, P.C. will be billed in accordance with the Professional Fee Schedule (see Section IV), which is in effect at the time services are rendered.  These schedules are updated at the beginning of each calendar year and apply to all work performed during that ensuing year.  Due to the nature and urgency required by development work, we find that it is often necessary to work beyond the normal forty-hour work week.  It is our company policy to compensate our employees at a rate of one and a half times their normal salary for such overtime and to bill our Clients accordingly.

II.   Invoices

Invoices for professional services and reimbursables are usually issued on a monthly cycle at the completion of a major task or at termination of a project.

III.  Payment

We would need to be paid during the course of our work.  If invoices are not paid within 30 days of receipt:

A.  Interest will be charged at a rate of 1.25% per month.

B.  Our work on this project may stop.  The Engineer/Surveyor shall not be liable for any damages caused by the suspension or termination of work for non-payment.

C.  You will be responsible for administrative and collection fees, including but not limited to attorney’s fees, required to obtain payment.

D.  A 2% discount on professional services will be allowed on invoices paid within 10 days of the date of the invoice.  This 2% discount is limited to our Professional Service Fees, since we do not mark-up our reimbursable expenses or municipal fees.

E.  Interest shall continue to accrue at a rate of 1.25% per month on any judgment which we may obtain for monies owed us until we are paid in full.