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CITY OF LITTLE CANADA | MARCH 16, 2026 <br />RFP | CLASSIFICATION AND COMPENSATION STUDY PAGE 19 <br />Cost Proposal <br />Defined by Impact. Driven by People. Dedicated to the Community. <br />Based on MGT’s understanding of the project and our experience, we propose completing this <br />project for an overall total fixed cost of $25,650. We take pride in customizing the project <br />scope and budget to meet the needs of our clients — and we will work with you to ensure the <br />project work plan and our fees are aligned with your expectations and budget. We have listed <br />the hours and professional fees for each study task below. <br />Exhibit 3. Proposed Cost by Task <br />Primary Tasks Professional <br />Hours TOTAL ($) <br />1.0 Study Initiation and Communication 10 2,250 <br />2.0 Job Data Collection and Analysis 22 4,950 <br />3.0 Market Data Collection and Analysis 18 4,050 <br />4.0 Benefits Comparison* 16 3,600 <br />5.0 Classification and Compensation Plan 15 3,375 <br />6.0 Recommendations and Implementation Guidance 13 2,925 <br />7.0 Reports and Presentations 10 2,250 <br />8.0 Post-Study Support 10 2,250 <br />TOTAL 114 $25,650 <br />Job Description Updates for 23 jobs, $225 each - 5,175 <br />TOTAL with Job Description Updates 114 $30,825 <br />This quote is firm and irrevocable for a period of one year, after which prices may increase. <br />*Should the City elect not to include benefits in the study, this component can be removed from the scope, <br />and the project cost adjusted accordingly. <br />SITE VISITS <br />If the City requests any in-person meetings in addition to the work plan scope and costs detailed <br />above, MGT will provide an additional estimate for travel and related expenses. MGT can and <br />has successfully performed all tasks virtually, providing significant cost savings for our clients. <br />Payment Schedule <br />Payment will be due as follows: 40% of the professional fees will be due after the initial project <br />meeting (Task 1), 40% upon completion of employee and market data collection (Task 3), and <br />the remaining 20% balance will be billed after the study is completed (Task 7). Invoices will be <br />sent to the City and are payable within 30 days of receipt.