We negotiated a three-year master agreement with two one-year renewal options for a construction consulting firm to provide cost estimating services to a large urban public school system. The agreement covered a wide range of services, including order of magnitude estimates, sq ft estimates, assembly estimates, and unit price estimates for projects ranging from $10,000 to $60,000,000. Key provisions negotiated include fixed direct labor rates with a defined multiplier for overhead, fringe benefits, taxes, and profit, as well as specific annual percentage increases for the direct labor rates. The agreement also addresses deliverables, performance standards, key performance indicators, and compliance with various regulations and policies. It also outlines detailed procedures for billing, payment, and handling confidential information, including student data, subject to strict privacy and security requirements.
