1992-05-18 Regular Meeting - Laserfiche WebLink

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. . I . . . . . . . . . . I . . I " . e e Mr. Robert Herrara City of La Porte May 12, 1992 Page 5 In developing this analysis, we strongly believe that our past experience with this particular type of project, coupled with our extensive experience in the hotel industry will allow us to quickly and efficiently address many of the specific tasks set forth above. COOPERS & LYBRAND TEAM The engagement team will be lead by Thomas Lattin, Director of the National Hospitality Industry Consulting Group, and Lamont Meek a Susan Eby-Pong, Senior Associates in the National Hospitality Industry Consulting Group. These individuals will be assisted, as needed, by staff from our Coopers & Lybrand offices. Qualifications of selected team members are enclosed. DURATION. FEES AND EXPENSES We are prepared to commence this engagement within one week of your acceptance of the proposal. Assuming we are able to promptly collect the necessary information from you and your associates, we anticipate providing you with a draft report within eight weeks. Our fees are based on the hours and staffing levels necessary to complete the engagement according to the scope of services described. Any modifications to the scope of services set forth in this proposal could result in an increase or decrease to the level of staff or fees. Total professional fees for this engagement are expected not to exceed $18,000. Reimbursable expenses such as travel, computer time and report preparation will be billed separately, but are estimated not to exceed $2,000. Professional fees and expenses must be paid in full prior to the release of our report. In accordance with our Firm's policy, we will require a retainer in the amount of $10,000 to begin work on this engagement. Invoices for services rendered will be presented monthly. The retainer amount will be applied against the final billing. We expect this study to be successfully completed in full. However, in the event that a decision not to proceed occurs prior to full completion of the scope of services set forth, our fees would be pro-rated on a ratio of actual hours expended to total hours estimated for the project.