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BILLING POLICY <br />Fees for Services <br />The hourly billing rates for employees of Calthorpe Associates are as follows: <br />Principal $200.00 <br />Associate $125.00 <br />Project Manager $100.00 <br />Designer $80.00 <br />Draftsman $60.00 <br />Clerical $40.00 <br />Expenses <br />Services billed at cost: <br />Long distance telephone <br />Messenger services <br />Postage <br />Photocopies <br />Auto Mileage @ $.35 <br />Travel Expenses <br />Contract Blue Printing <br />Special Materials and Supplies <br />Special CAD Services <br />Billing <br />Invoices will be issued monthly for services and expenses of that month. Payment is due 30 days <br />from the date of invoice. Late payment will accrue interest at the rate of 1.5% per month. <br />