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COST CONTROL After the City of Sunny Isles Beach and SRS agree on the scope of work, we will prepare a fee proposal and present this to the City for review. Once that scope and fee can be reviewed together, we will adjust increase or decrease effort in certain areas. We will make related fee adjustments until a mutually agreeable scope and fee are reached. Our fee proposal will involve enough detail to confirm the level of effort specified in the scope of work. SRS proposes to use its existing management information system in the planning, budgeting, cost tracking, and control of work assignments under the Project Managers with real-time data to monitor project costs and enable them to keep work within budget. Deficiencies are noted in a timely manner to allow corrective action. SRS uses an accounting system that generates tracking reports on a biweekly basis. Project Managers will use these reports to track costs, employee time engaged on project and compare actual costs to budgeted costs. They will compare progress to determine what adjustments, if any, are necessary to keep the project within established budgets. Our Project Manager will be responsible for maintaining accurate accounting of time expended with respect to time budgeted. Costs are reviewed monthly and corrections made to re-establish budgets as required. Invoicing is reviewed by the Project Manager and submitted in a timely manner to provide accurate and current billings to the City. We will track the costs of the project team monthly. At the end of each month, we will assemble a monthly report to review actual progress as compared to budgeted costs and hours. This close monitoring will allow us to keep task orders within budget. As for construction budget and cost, on most projects, SRS shall prepare a conceptual plan for the project that may include several alternates with associated construction cost estimates. These alternatives and construction cost estimates will be discussed with the City to establish a scope of work and budget for the project’s construction. SRS will make every effort to develop designs that are feasible, economical, and constructible noting any project constraints so as not to increase future O&M costs, while meeting the City and other regulatory agencies’ requirements. SRS’s construction management experience and previous design experience is invaluable to the preparation of actuate and reliable construction cost estimates. Without this “real-world” experience construction cost estimate will tend not to be very realistic. We have “real-world” experience!!! SCHEDULE To prepare a schedule that can be met and is appropriate to the project, the Project Manager must have a thorough understanding of all the phases of the project and permitting procedures. It is important that early in the project a project schedule be prepared outlining the key elements and tasks to be accomplished. As the project progresses the schedule is fine-tuned and finalized. SRS and our team members have extensive knowledge on all the scopes of services that the City of Sunny Isles Beach will be requiring, the many facets of civil engineering such as possibly preparing the following: roadway and drainage improvements plans, Stormwater Master Plans, capital improvement plans, engineering construction management and inspections, environmental 9