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<br /> <br /> <br /> <br />Version 10.5.2023 Page 6 of 9 VRV Maintenance Plan <br /> <br />SERVICE AGREEMENT PRICING SUMMARY: <br />For North Carolina Only – All taxes are excluded and will be added to the sell price listed. See NCDOR <br />Form E-589CI. <br /> <br />*This Agreement is for the period of time indicated on page 1 (the “Initial Term”). The Agreement will <br />automatically renew on a year-to-year basis at the end of the Initial Term and thereafter, unless the Customer <br />or HMS gives the other written notice that it does not want to renew. Written notice not to renew must be <br />delivered at least thirty (30) days prior to the end of the Initial Term or any renewal term. <br />The Agreement price shall increase each renewal year by no more than the GDP annual percentage increase <br />from the most recent calendar year, unless HMS otherwise notifies Customer in writing. The Agreement price is <br />predicated on HMS’s providing service during regular working hours on regular working days. If Customer <br />requests that work be performed at times other than regular working hours or days, Customer shall pay HMS <br />any additional charges that arise, including the costs of premium / overtime pay. <br />WORK ADDITIONAL TO BASE AGREEMENT: In the event work is required in addition to the base <br />agreement, HMS offers the following labor rates: <br />Please note that the below prices are at all times subject to escalation. <br /> <br />As a service agreement customer you will receive a discount of $10 off per hour of current street <br />rates. <br /> <br />Daily Truck Charge: $120 <br /> <br />208 S Cameron St., Hillsborough, NC <br />27278 Annual Quarterly <br />Inspections <br />Base Service Agreement 2,765$ 691.25$ <br />*Price does not include taxes <br />Total =2,765$ 691.25$ <br />Hourly Rates for T&M Work <br />Labor Classification <br />Street Rate Overtime <br />Mon - Fri, 8 am - 5pm After hours and <br />Holidays <br />Industrial Boiler/Steam Systems $230.00 1.5 X Hourly Rate <br />Project Management $175.00 1.5 X Hourly Rate <br />ABB Drive Technician $175.00 1.5 X Hourly Rate <br />VRV Service Technician $175.00 1.5 X Hourly Rate <br />HVAC Boiler Technician $175.00 1.5 X Hourly Rate <br />HVAC Chiller Technician $175.00 1.5 X Hourly Rate <br />HVAC Service Technician $160.00 1.5 X Hourly Rate <br />VRV Tech Assistant $160.00 1.5 X Hourly Rate <br />*Specialty Equipment Fees List Price 1.5 X Hourly Rate <br />* Nominal equipment fees will apply as applicable to repair scope of work. Example - $50 per <br />day for brazing/welding equipment and supplies. The intention is for Hoffman to recoup the <br />consumable expense of providing specialty tools and materials of trade. This is NOT a source of <br />profit for the service provider. <br />HVAC Technician Assistant $140.00 1.5 X Hourly Rate <br />Cooling Tower Technician $140.00 1.5 X Hourly Rate <br />DocuSign Envelope ID: EF4B1761-E191-4214-9651-0FC3E17A972A