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Page 2 April 8, 2004 <br />III. Compensation The fee for Construction Management (GMHC) services for this <br />project will be $7,500.00. Request for payment for the fee will be submitted by (GMHC) <br />by invoice upon completion. <br />V. Direct Construction Reimbursement Costs The final (actual) direct construction <br />costs that will be incurred for this project such as; subcontractor costs, ICWC /STS labor <br />costs, direct material costs and dumpsters, etc. will be submitted by (GMHC) by <br />invoice upon the completion of the project. <br />I have attached a copy of the revised construction rehabilitation estimate (Scope of Work). <br />The attached revised estimate includes the additions and deductions discussed during our <br />meeting of April 6, 2004. The cost estimate is a break down of what we estimated the actual <br />costs of providing these construction services should be based on current market pricing. <br />Thank you for consideration in selecting the Greater Metropolitan Housing Corporation to <br />complete your construction rehabilitation project. We look forward to assisting the City of <br />Little Canada with this project. <br />Sincerely <br />Curt Bennett <br />Construction Manager <br />