Rate Time Estimate Clause Samples

Rate Time Estimate. Estimated Cost for 1.1 Reverse Engineering and Product Definition (COMPLETE) $125/hr 94 hrs COMPLETE Estimated Cost for 1.2 Experimental Controller Units Materials to be billed at cost plus 20% $125/hr 350-450 hrs Estimated Cost for 2.1 Pilot Scale Production $125/hr TBD Estimated Cost for 2.2 Limited Availability $125/hr TBD 1) Price is in Canadian Dollars and does not include applicable taxes. 2) Clearpath Robotics not to exceed the maximum time estimates for each phase in the above table without express written permission by Customer. $5,000 due NET10 on signing of revised Schedule A and Schedule B. Accrued billable hours and material expenditures will be invoiced on a monthly basis, or in increments of $10,000, which occurs first. Invoice balances will be due NET30.