Calculation of Engineer’s Actual Compensation for the Project Sample Clauses

Calculation of Engineer’s Actual Compensation for the Project. Upon establishment of the MPE for the Project, the Engineer’s compensation for basic services shall be calculated by multiplying the stated Direct Personnel Expense Hourly Rates set forth in the Final Efforts Schedule, Exhibit “D”, times the actual hours expended for each such personnel by discipline invoiced on a monthly basis, provided that the amount so invoiced shall not exceed the MPE for the phase of the Project for which the hours were incurred as set forth in the Efforts Schedule, Exhibit “D”. The Engineer, upon receipt of the Notice to Proceed from the Owner, will be allowed to bill 100% of the phase amount in the Final Efforts Schedule that has been approved.
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