Architect/ Engineer Fees for Public Works Building Projects

This fee is divided into three levels determined by the type and complexity of the building, and is to be used for preparation of capital budget requests for public works building projects. Architect/ Engineer Basic Services are defined within this document.

The payment of Architect/ Engineer fees represents some of the most important dollars spent on a project. These funds are an investment that affects both the quality and successful completion of a project. Recognising this, calculation of a fee structure to obtain quality design at a reasonable cost presents a challenge.

This fee document should be used in preparing capital budget requests to determine the Architect/ Engineer Basic Services fee in fixed price agreements and percent of construction cost agreements. The document defines the standard basic services (based on the definition of basic services) that should be included in each design phase of state public works projects for the typical design process. It also provides further definition of what are considered reimbursable expenses, extra and other services.

Agencies may choose to pay design consultant fees or allow extra and other charges in a manner other than described in this document, and any additional cost may be paid from other agency resources.

Percent Fee Compensation

The standard fee schedule has been prepared to establish a basis for determining the scope and cost of design services and focus the attention of agencies on the quality, capability, and prior performance of the firms being selected for Public Works Projects.

The fee schedule is to be used for capital budget request preparation. The actual contracts for basic services payable to the Architect/ Engineer shall be a negotiated fixed amount or a percent of the construction cost of the project not including fees, licenses, permits, sales taxes, and change orders caused by Architect/ Engineer change orders which do not require services of the design consultant. Pending a construction contract award, the percent based Architect/ Engineer fee for basic services shall be computed using the Maximum Allowable Construction Cost estimated at time of bid. In addition to the basic services fee, allowances will be negotiated for services not covered in the basic services contract.

Maximum Allowable Construction Cost

The Maximum Allowable Construction Cost is defined as the total sum available to the Architect/ Engineer for construction purposes, including all alternates. The Architect/ Engineer basic services fee is based on the Maximum Allowable Construction Cost inflated to the midpoint of construction.

Remodel Design

Architect/ Engineer costs and effort may vary greatly between individual remodelling projects of the same dollar amount. Consequently, each project will be analysed on an individual basis. As a general rule, the fee will be based upon the building type classification. When program changes are significant, or other conditions warrant, fees noted under those schedules may be increased by up to 2 percent for basic services. The factors to be considered include:

• Age and character of the building.
• Availability and accuracy of existing plans and specifications.
• Extent and type of program revisions.
• Requirement to maintain the building's existing character.
• Extent of mechanical and electrical involvement.

Phased construction in occupied buildings may substantially affect the construction schedule. More field observation and co-ordination may require consideration of additional fees beyond the basic services contract amount.

Fee Modifications

It is recognised that there may be considerable variance between projects of a similar size and type which may necessitate modification of the Architect/ Engineer fee schedule. Examples of special circumstances which may necessitate such modifications include:

• Unusual site conditions.
• Unique problems requiring specialised or extensive consulting services.
• Renovations required by additions to an existing structure.
• Unusually slow or fast development schedule (fast track, design build,....)
• Contractor design (fire protection systems).

Other circumstances where a fee modification may be appropriate include the following:

Repetitive Design

Where all or part of a project is a site adaptation of a previous design, the basic services fee shall be negotiated recognising the reduced level of services. Usually, this reduces the Program Analysis, Design, and Bidding Document Preparation costs to an amount necessary to update the documents for site work, code revisions, etc.

Equipment and Substantially Reduced Work Requirements

Where a project involves a substantial amount of expensive equipment that may be relatively easy to accommodate, fees should be reduced accordingly. Likewise, any contract or modification to a contract where work requirements are substantially less than indicated by the application of a percentage fee need to be addressed separately. Projects with disproportionate elements of high cost may be relatively easy to design and fees should be reduced accordingly.

Prototype Design

The initial design of a prototype Facility may warrent a full design fee based on the previous development of the prototype. However, the fee for Architect/ Engineer basic services for all additional replications of the prototype constructed at the same time or at other locations in the future shall be calculated at 40 percent of full fees.

Basic Services Fee Breakdown

The following is a guide for breaking down the Architect/ Engineer fee into approximate percentages for each phase of work. Although it is not intended to be absolute, significant deviations should be closely reviewed. The intent of this guide is to ensure that design requirements progress in an orderly manner and that essential planning and system development occur at a stage where it is most beneficial to the project. Essential elements of the work should be completed and approved prior to initiating succeeding design phases.

The basic fee categories are described in greater detail as follows:
 

Project Phase Percent of Basic Services Fee Schematic Design 14 Design Development 21 Construction Document 38 Bidding 2 Construction 24 Project 1

Architect/ Engineer Basic Services

Architect/ Engineer Basic Design Services consist of the services described in the following pages. These design services include normal architectural, structural, civil, mechanical, and electrical engineering services.

Schematic Design Services (14 Percent)

In the Schematic Design Phase the Architect/ Engineer provides those services necessary to prepare Schematic Design Documents consisting of drawings and other documents illustrating the general scope, scale, and relationship of project components for approval by the agency. Design should be conceptual in character, based on the requirements developed during the Predesign Phase, approved by the agency, or program requirements provided by the agency and reviewed and agreed upon by the Architect/ Engineer. Schematic design includes the following:

Schedule I consisting of reviewing and updating previously established schedules for the project. Agency Assistance ect Administration Services consisting of schematic design administrative functions including consultation, meetings and correspondence, and progress design review conferences. Disciplines Co-ordination Co-ordination between the architectural work and engineering work and other involved consultants for the project. When speciality consultants are used, additional co-ordination beyond basic services may be required and negotiated for appropriate phases of the work. Document Checking Review and co-ordination of project documents. Consulting Permitting Authority Consultations, research of critical applicable regulations, preparation of written and graphic explanatory materials. The services apply to applicable laws, statutes, regulations, and codes. Data Co-ordination User Agency Review and co-ordination of data furnished for the project by the agency. Architectural Design Services responding to scope of work (program/ predesign) requirements and consisting of preparation of conceptual site and building plans, schematic sections and elevations, preliminary selection of building systems and materials, development of approximate dimensions, areas and volumes. Structural Design Services consisting of recommendations regarding basic structural material and systems, analysis, and development of conceptual design solutions. Mechanical Design Services consisting of consideration of alternate materials, systems and equipment, and development of conceptual design solutions for energy sources/conservation, heating, ventilating and air conditioning (HVAC), plumbing, fire protection, and general space requirements. Electrical Design Services consisting of consideration of alternate systems, recommendations regarding basic electrical materials, systems and equipment, analysis, and development of conceptual design solutions for power service and distribution, lighting, communication raceways, fire detection and alarms, and general space requirements. Civil/Site Design Services consisting of site planning including layout of site features, building position, preliminary grading, location of paving for walkways, driveways and parking, and fencing locations. Specifications Services consisting of preparation for agency's approval of proposed development of architectural outline specifications, and co-ordination of outline specifications of other disciplines. Materials Research Services consisting of identification of potential of architectural materials, systems, and equipment. Scheduling Services consisting of reviewing and updating previously established project schedules or initial development of schedules for decision making, design, and documentation. Cost Estimating Services consisting of development of a probable construction cost from quantity surveys and unit costs of building elements for the project. Costs shall reflect the level of design elements presented in the Schematic Design documents, plus appropriate design contingencies to encompass unidentified scope ultimately included in the program. Assist user agency with analysing scope, schedule, and budget options to stay within the Maximum Allowable Construction Cost. Presentations Services consisting of appropriate presentation(s) of Schematic Design documents by the Architect/ Engineer to agency representatives

Design Development Services (21 Percent)

In the Design Development Phase, the Architect/ Engineer shall provide those services necessary to prepare from the approved Schematic Design Documents, the Design Development Documents consisting of drawings and other documents to fix and describe the size and character of the entire project for approval by the agency. Consideration shall be given to availability of materials, equipment and Labour, construction sequencing and scheduling, economic analysis of construction and operations, user safety and maintenance requirements, and energy conservation. Design Development includes the following:

Project Administration Services consisting of design development administrative functions including consultation, meetings and correspondence, and progress design review conferences with user agency. Disciplines Co-ordination Co-ordination of the architectural work and the work of engineering with other involved consultants for the project. Document Checking Review and co-ordination of documents prepared for the project. Permitting Authority Consulting Consultations, research of critical applicable regulations, preparation of written and graphic explanatory materials. The services apply to applicable laws, statutes, regulations, and codes. Assist in obtaining approval from approving agencies as required. User Agency Data Co-ordination Review and co-ordination of data furnished for the project by the agency. Architectural Design Services consisting of continued development and expansion of architectural Schematic Design Documents to establish the final scope, relationships, forms, size, and appearance of the project through plans, sections and elevations, typical construction details, three dimensional sketches, materials selections, and equipment layouts. Structural Design Services consisting of continued development of the specific structural system(s) and Schematic Design Documents in sufficient detail to establish basic structural system and dimensions, structural design criteria, foundation design criteria, preliminary sizing of major structural components, critical co-ordination clearances, and outline specifications or materials lists. Mechanical Design Services consisting of continued development and expansion of mechanical Schematic Design Documents and development of outline specifications for materials lists to establish approximate equipment sizes and capacities, preliminary equipment layouts, required space for equipment, chases and clearances, acoustical and vibration control, visual impacts and energy conservation measures. Electrical Design Services consisting of continued development and expansion of electrical Schematic Design Documents and development of outline specifications or materials lists to establish criteria for lighting, electrical and communication raceways, approximate sizes and capacities of major components, preliminary equipment layouts, required space for equipment, chases, and clearances. Site Design Services consisting of continued development of civil/site Schematic Design documents and development of outline specifications required for the project which are normally prepared by the architect. See Extra Services for detailed civil design services beyond basic services. Specifications Services consisting of preparation for agency's approval of proposed General and Supplementary Conditions of the Contract for construction, development of architectural outline specifications, co-ordination of outline specifications of other disciplines, and production of design manual including design criteria, and outline specifications of materials lists. Scheduling Services consisting of reviewing and updating previously established schedules for the project. Cost Estimating Services consisting of development of a probable construction cost from quantity surveys and unit costs of building elements for the project. Costs shall reflect the level of design elements presented in the Design Development documents, plus appropriate design contingencies to encompass unidentified scope ultimately included in the program. Assist user agency with analysing scope, schedule and budget options to stay within the Maximum Allowable Construction Cost. Presentations Services consisting of appropriate presentation(s) of Design Development documents by the Architect/ Engineer to agency representatives.

Construction Document Services (38 Percent)

In the Construction Documents Phase, the Architect/ Engineer shall provide those services necessary to prepare for approval by the agency, from the approved Design Development Documents, Construction Documents consisting of drawings, specifications, and other documents setting forth in detail the requirements for construction of the project and bidding and contracting for the construction of the project.

Project Administration Services consisting of construction documents, administrative functions including consultation, meetings and correspondence, and progress design review conferences. Disciplines Co-ordination Co-ordination of the architectural work, with the work of engineering, and with other involved consultants for the project. Document Checking Review and co-ordination of documents prepared for the project. Permitting Authority Consulting Consultations, research of critical applicable regulations, preparation of written and graphic explanatory materials. The services apply to applicable laws, statutes, regulations, and codes. Assist in obtaining approval from approving agencies as required. User Agency Data Co-ordination Review and co-ordination of data furnished for the project by the agency. Architectural Design Services consisting of preparation of drawings based on approved Design Development Documents setting forth in detail the architectural construction requirements for the project. Structural Design Services consisting of preparation of final structural engineering calculations, drawings and specifications based on approved Design Development Documentation, setting forth in detail the structural construction requirements for the project. Mechanical Design Services consisting of preparation of final mechanical engineering calculation, drawings and specifications based on approved Design Development Documentation, setting forth in detail the mechanical construction requirements for the project. Electrical Design Services consisting of preparation of final electrical engineering calculation, drawing and specifications based on approved Design Development documentation, setting forth in detail the electrical construction requirements for the project. Site Design Services consisting of preparation of final civil/site design drawings and specifications based on approved Design Development documentation required for the project which are normally prepared by the architect. See Extra Services for detailed civil design services beyond basic services. Specifications Services consisting of activities of development and preparation of bidding documents, Conditions of the Contract, architectural specifications, co-ordination of specifications prepared by other disciplines, and compilation of project manual. Cost Estimating Services consisting of development of a probable construction cost from quantity surveys and unit costs of building elements for the project. Costs shall reflect the level of design elements presented in the Construction documents plus appropriate design contingencies to encompass unidentified scope ultimately included in the program. Assist user agency with analysing scope, schedule, and budget options to stay within the Maximum Allowable Construction Cost. Scheduling Services consisting of reviewing and updating previously established schedules for the project. User Agency Assistance   Provide necessary information to user agency for the preparation for release of allotments including preparation of cost statistics.

Bidding Phase (2 Percent)

In the Bidding Phase, the Architect/ Engineer , following the agency's approval of the Construction Documents and the most recent statement of probable construction cost, shall provide those services necessary for the Architect/ Engineer to assist the agency in obtaining bids and in awarding and preparing contracts for construction. In the case of phased construction, the agency may authorise bidding of portions of the work.

Project Administration Services consisting of bidding administrative functions. Disciplines Co-ordination Co-ordination between the architectural work and the work of engineering and other involved consultants for the project. Bidding Materials Services consisting of organising, co-ordinating, and handling Bidding Documents for reproduction, distribution and retrieval, receipt and return of document deposits. Addenda Services consisting of preparation and distribution of Addenda as may be required during bidding and including supplementary drawings, specifications, instructions, and notice(s) of changes in the bidding schedule and procedure. Bidding Services consisting of participation in pre-bid conferences, responses to questions from bidders, and clarification or interpretations of the bidding documents, attendance at bid opening, and documentation and distribution of bidding results. Analysis of Substitutions Services consisting of consideration, analysis, comparisons, and recommendations relative to substitutions proposed by bidders prior to receipt of bids. Bid Evaluation Services consisting of validation of bids, participation in review of bids and alternates, evaluation of bids, and recommendation on award of contract. Contract Agreements Assist using agency in notification of contract award, assistance in preparation of Construction Contract agreements when required, preparation and distribution of sets of contract documents for execution of the contract, receipt, distribution and processing, for agency approval, of required certificates of insurance, bonds and similar documents, and preparation and distribution to contractor(s) on behalf of the agency, of notice(s) to proceed with the work.

Construction Contract Administration Phase (24 Percent)

In the Construction Contract Administration Phase, the Architect/ Engineer shall provide those services necessary for the administration of the construction contract as set forth in the General Conditions of the Contract for Construction.

Project Administration Services consisting of construction contract administrative functions including consultation, conferences, communications, and progress reports. Disciplines Co-ordination Document Checking Co-ordination between the architectural work and the work of engineering and other involved consultants for the project. Reviewing and checking of documents (required submittals) prepared for the project. Permitting Authority Consulting Services relating to applicable laws, statutes, regulations and codes of regulating entities relating to the agency's interests during construction of the project. Construction Administration Services consisting of processing of submittals, including receipt, review of and appropriate action on shop drawings, product data, samples, and other submittals required by the contract documents. Distribution of submittals to agency, contractor, and field representatives as required. Maintenance of master file of submittals and related communications. Construction Field Observation Services consisting of visits to the site at intervals appropriate to the stage of construction or as otherwise agreed to become generally familiar with the progress and quality of the work and to determine in general if the work is proceeding in accordance with the contract documents, and preparing related reports and communications. Architect/ Engineer to chair project meetings. Project Representation Services consisting of assisting the agency in selection of full- or part-time project representative(s). Documents Services consisting of preparation, reproduction, and distribution of clarification documents and interpretations in response to requests for clarification by contractors or the user agency. Preparation, reproduction and distribution of drawings and specifications to describe work to be added, deleted or modified, review of proposals, review and recommend changes in time for substantial completion, assisting in the preparation of modifications of the contracts and co-ordination of communications, approvals, notifications, and record-keeping relative to changes in the work. Additional fees for changes to the scope of a project shall be negotiated. Scheduling Services consisting of monitoring the progress of the contractors relative to established schedules and making status reports to the user agency. Cost Accounting Services consisting of maintenance of records of payments on account of the contract and all changes thereto, evaluation of applications for payment and certification thereof, and review and evaluation of cost data submitted by the contractors for work performed.

Project Closeout (1 Percent)

Project Closeout Services initiated upon notice from the contractor that the work is sufficiently complete, in accordance with the contract documents, to permit occupancy or utilisation for the use for which it is intended, and consisting of a detailed inspection for conformity of the work to the contract documents, issuance of certificate of substantial completion, final inspections, receipt and transmittal of warranties, affidavits, receipts, releases and waivers of lien or bonds, permits, and issuance of final certificate for payment. Record Documents Based on contractors marked up field records, prepare and supply completed record documents to user agency. Operations and Maintenance Manuals Services consisting of processing, reviewing, commenting on, taking appropriate action, and transmitting Operations and Maintenance Manuals provided by the contractor to user agency. Warranty Period Continued assistance to investigate contract problems that arise during the warranty period.

Architect/ Engineer Extra Services and Other Services

The majority of projects should be completed within the structure of the basic fee schedule. Some projects will be more complex and will require a range of Extra Services and Other Services which will be negotiated for specific tasks. These services typically require specialist expertise and may not neatly fall within one phase of service or another. As projects become more complex, they demand a variety of special studies and services. Extra Services are those services generally provided by the same Architect/ Engineer providing the basic services, and Other Services are those services generally provided by additional speciality consultants, either as subs to the prime Architect/ Engineer or as independent consultants directly contracted with the agency.

Extra services are not intended as an adjustment to basic services and should reflect actual anticipated cost.

A. Pricing Consultants and Sub consultant Personnel

Multiplier Negotiated rate to fall within a range of 2 to 3.2 times employee direct base salary (not including fringe benefits, taxes, retirement contributions, or profit sharing). Employees of Firm Negotiated rate not to exceed a maximum of $ 85/hr. Principal of Firm A Principal is defined as a partner of a partnership, a stockholder of a corporation, or a duly authorised officer. The negotiated rate not to exceed $ 125/hr. Special Consulting Services When special consulting services not normally associated with traditional project design are necessary, the fee may be outside of the above guidelines (such as expert witness or special investigations). Service Charge on Sub-Consultant 10 percent service charge may be added to work incorporated by addenda to the original agreement.

B. Architect/ Engineer Extra Services

When drafting the Architect/ Engineer agreement, the Project Manager should review the following lists in determining eligible reimbursable items. The lists are not all inclusive or exclusive and should only be used as a guide.

Alternative Cost Studies Additional costing beyond the reactive estimates required in basic services as requested by the agency. Energy Conservation Report All projects over 10,000 m2 are required to be analysed for the cost of energy consumption and operation during its entire economic life. Commissioning and Training The cost to the Architect/ Engineer of assembly, tabulation, and indexing of all shop drawings and submittals on all equipment, controls, systems, and participating in an independent commissioning of the project and providing initial operator training on the maintenance of systems. Onsite Representative Onsite observation beyond the periodic site visits required under basic services. Thermal Scans The cost of an examination of a structure for thermal loss on existing facilities to be remodelled. Value Engineering Participation and Implementation The cost to the Architect/ Engineer for participation in the value engineering study and implementation of the accepted ideas generated during the study. Travel and Per Diem The customary and approved costs to the Architect/ Engineer during the course of their services. Renderings, Presentations, and Models The cost for special presentations, renderings, and models required for the project. Document Reproduction The additional cost of printing and mailing bidding and construction documents. Advertising The cost of required advertisements and placing bidding documents in plan centers announcing the bidding of the project. Constructability Review Participation and Implementation The cost to the Architect/ Engineer for participation in the constructability review and implementation of the accepted changes. Separate Bid Packages The cost to the Architect/ Engineer for preparation of separate bid packages.

C.  Architect/ Engineer Other Services

Consultant Selection Cost Additional costs for private sector members of a selection committee if required. Speciality Consultants The cost of additional consultants beyond Architect/ Engineer services provided under basic services.   Acoustical Consultant Civil/ Site Design Consultant Civil Engineering additional services may include Studies, reports, and calculations required to determine adequacy of existing systems or those required for permit review such as drainage, fire protection, or sewer. Storm drainage design and connections. Design or study of issues for "sensitive areas" such as wetlands, steep slopes, or flood plains. Water supply connections to wells, treatment systems, storage, and offsite main extensions. Sanitary sewer design and infrastructure. Road and pavement improvements. Storm water quality and quantity computations, reports, design and details. Temporary erosion and sediment control reports and drawings. Special studies and reports for other agencies. Communications Consultant Cost/ Scheduling Consultant (Independent) Electronic/ Audio Visual Consultant Elevator Consultant Hazardous Material Consultant Hospital/ Laboratory Consultant Interior Design Consultant Indoor Air Quality Consultant Kitchen Consultant Landscape Consultant Quality Control Consultant Security Consultant Geotechnical Investigation The cost of subsurface testing and evaluation. Commissioning The cost of an independent commissioning of the project. HVAC Balancing The cost to balance systems Site Survey Cost of conducting a survey independent from design Architect/ Engineer. Testing The cost of a technician's services in acquiring and testing samples of materials used in the project as required in the State Building Code. Energy Review Fee to be paid for review of the energy conservation report. Value Engineering The cost for performing the required value engineering study on a project by an independent multi-disciplined team. Constructability Review/ Plan Check The cost for an independent consultant or contractor to review bid documents and determine if a project can be built as designed. Graphics The cost of special graphic and signage design. Design/ Code Plan Check The cost of an independent plan check if not available within the local jurisdiction. Other Costs for requested documents, fax expenses, and special mail service when requested by owner.

D.  Non-Eligible Expenses

1. Consultants hired at Architect/ Engineer 's option to perform basic services required by contract.
2. Postage and handling of submittals, bid documents, correspondence, etc.
3. Telephone expenses (local calls and line service).
4. Copies of documents used by the Architect/ Engineer to perform normal services and not provided to owner.

Architect/ Engineer Fee Schedule - Building Types

Schedule I  Facilities with more than average design difficulty: Schedule II Facilities with average difficulty: Schedule III Facilities with less than average design difficulty: Art galleries Auditorium with stage Communications building Correctional and detention facilities-maximum Courthouses Exposition building Extended care facilities Fish hatcheries Heating and power plants Hospitals Laboratories (Research) Medical office facilities and clinics Mental Institutions Museums Observatories Research facilities Special schools for physically disadvantaged Theaters and similar facilities Veterinary hospitals Sewer treatment plants Water treatment plants   Apartment Archive building Armories Auditorium without stage College classroom facilities Computer rooms Convention facilities Correction and detention facilities- minimum and medium Day care families Dining halls/institute Dormitories Fire and police stations Gymnasiums Laundry and cleaning facilities Libraries Neighbourhood centers and similar recreation facilities Nursing homes Office buildings Recreational building Residence Schools (primary and secondary) Science labs (teaching) Stadiums-multi-purpose Storage-cold Transportation terminals Vocational schools   Farm structures Greenhouses Industrial buildings without special facilities Parking structures and garages Simple loft-type structures (without special equipment) Warehouses Stadium-grandstand type Service garages Printing plants Shop and Maintenance facilities Guard towers Emergency generator facilities Prototype facilities (for any replication of previously designed Facility)

Architect/ Engineer Fee Schedule for Projects Starting Design

Maximum Allowable Construction Cost Schedule I Schedule II Schedule III Maximum Allowable Construction Cost Schedule I Schedule II Schedule III $500,000 12.02% 10.58% 9.13% $4,100,000 9.99% 8.62% 7.25% $600,000 11.88% 10.43% 8.98% $4,200,000 9.97% 8.60% 7.23% $700,000 11.75% 10.30% 8.85% $4,300,000 9.94% 8.57% 7.21% $800,000 11.64% 10.19% 8.74% $4,400,000 9.91% 8.55% 7.18% $900,000 11.54% 10.09% 8.64% $4,500,000 9.89% 8.52% 7.16% $1,000,000 11.45% 10.00% 8.55% $4,600,000 9.86% 8.50% 7.14% $1,100,000 11.36% 9.91% 8.46% $4,700,000 9.83% 8.48% 7.12% $1,200,000 11.28% 9.83% 8.39% $4,800,000 9.81% 8.46% 7.10% $1,300,000 11.21% 9.76% 8.32%  $4,900,000 9.78% 8.43% 7.08% $1,400,000 11.14% 9.69% 8.25%  $5,000,000 9.76% 8.41% 7.06% $1,500,000 11.07% 9.63% 8.19% $5,100,000 9.74% 8.39% 7.04% $1,600,000 11.01% 9.57% 8.13% $5,200,000 9.71% 8.37% 7.02% $1,700,000 10.95% 9.51% 8.07% $5,300,000 9.69% 8.35% 7.01% $1,800,000 10.89% 9.46% 8.02% $5,400,000 9.67% 8.33% 6.99% $1,900,000 10.83% 9.40% 7.97% $5,500,000 9.65% 8.31% 6.97% $2,000,000 10.78% 9.35% 7.93%  $5,600,000 9.62% 8.29% 6.95% $2,100,000 10.73% 9.31% 7.88% $5,700,000 9.60% 8.27% 6.94% $2,200,000 10.68% 9.26% 7.84% $5,800,000 9.58% 8.25% 6.92% $2,300,000 10.64% 9.22% 7.80% $5,900,000 9.56% 8.23% 6.90% $2,400,000 10.59% 9.17% 7.76% $6,000,000 9.54% 8.21% 6.89% $2,500,000 10.55% 9.13% 7.72% $6,100,000 9.52% 8.19% 6.87% $2,600,000 10.51% 9.09% 7.68% $6,200,000 9.50% 8.18% 6.85% $2,700,000 10.46% 9.06% 7.65% $6,300,000 9.48% 8.16% 6.84% $2,800,000 10.42% 9.02% 7.61% $6,400,000 9.46% 8.14% 6.82% $2,900,000 10.39% 8.98% 7.58% $6,500,000 9.44% 8.12% 6.81% $3,000,000 10.35% 8.95% 7.55% $6,600,000 9.42% 8.11% 6.79% $3,100,000 10.31% 8.91% 7.52% $6,700,000 9.40% 8.09% 6.78% $3,200,000 10.28% 8.88% 7.49% $6,800,000 9.39% 8.07% 6.76% $3,300,000 10.24% 8.85% 7.46% $6,900,000 9.37% 8.06% 6.75% $3,400,000 10.21% 8.82% 7.43% $7,000,000 9.35% 8.04% 6.74% $3,500,000 10.18% 8.79% 7.40% $7,100,000 9.33% 8.03% 6.72% $3,600,000 10.14% 8.76% 7.38% $7,200,000 9.31% 8.01% 6.71% $3,700,000 10.11% 8.73% 7.35% $7,300,000 9.30% 8.00% 6.69% $3,800,000 10.08% 8.70% 7.32% $7,400,000 9.28% 7.98% 6.68% $3,900,000 10.05% 8.68% 7.30% $7,500,000 9.26% 7.97% 6.67% $4,000,000 10.02% 8.65% 7.28% $7,600,000 9.25% 7.95% 6.66%

$7,700,000 9.23% 7.94% 6.64% $11,800,000 8.68% 7.45% 6.22% $7,800,000 9.21% 7.92% 6.63% $11,900,000 8.67% 7.44% 6.22% $7,900,000 9.20% 7.91% 6.62% $12,000,000 8.66% 7.43% 6.21% $8,000,000 9.18% 7.89% 6.61% $12,100,000 8.65% 7.42% 6.20% $8,100,000 9.17% 7.88% 6.59% $12,200,000 8.64% 7.41% 6.19% $8,200,000 9.15% 7.87% 6.58% $12,300,000 8.63% 7.41% 6.18% $8,300,000 9.14% 7.85% 6.57% $12,400,000 8.62% 7.40% 6.18% $8,400,000 9.12% 7.84% 6.56% $12,500,000 8.61% 7.39% 6.17% $8,500,000 9.11% 7.83% 6.55% $12,600,000 8.60% 7.38% 6.16% $8,600,000 9.09% 7.81% 6.53% $12,700,000 8.59% 7.37% 6.15% $8,700,000 9.08% 7.80% 6.52% $12,800,000 8.57% 7.36% 6.14% $8,800,000 9.06% 7.79% 6.51% $12,900,000 8.56% 7.35% 6.14% $8,900,000 9.05% 7.77% 6.50% $13,000,000 8.55% 7.34% 6.13% $9,000,000 9.03% 7.76% 6.49% $13,100,000 8.54% 7.33% 6.12% $9,100,000 9.02% 7.75% 6.48% $13,200,000 8.53% 7.32% 6.11% $9,200,000 9.00% 7.74% 6.47% $13,300,000 8.52% 7.32% 6.11% $9,300,000 8.99% 7.72% 6.46% $13,400,000 8.51% 7.31% 6.10% $9,400,000 8.98% 7.71% 6.45% $13,500,000 8.50% 7.30% 6.09% $9,500,000 8.96% 7.70% 6.44% $13,600,000 8.49% 7.29% 6.08% $9,600,000 8.95% 7.69% 6.43% $13,700,000 8.48% 7.28% 6.08% $9,700,000 8.94% 7.68% 6.42% $13,800,000 8.48% 7.27% 6.07% $9,800,000 8.92% 7.67% 6.41% $13,900,000 8.47% 7.26% 6.06% $9,900,000 8.91% 7.65% 6.40% $14,000,000 8.46% 7.26% 6.06% $10,000,000 8.90% 7.64% 6.39% $14,100,000 8.45% 7.25% 6.05% $10,100,000 8.88% 7.63% 6.38% $14,200,000 8.44% 7.24% 6.04% $10,200,000 8.87% 7.62% 6.37% $14,300,000 8.43% 7.23% 6.04% $10,300,000 8.86% 7.61% 6.36% $14,400,000 8.42% 7.22% 6.03% $10,400,000 8.85% 7.60% 6.35% $14,500,000 8.41% 7.22% 6.02% $10,500,000 8.83% 7.59% 6.34% $14,600,000 8.40% 7.21% 6.02% $10,600,000 8.82% 7.58% 6.33% $14,700,000 8.39% 7.20% 6.01% $10,700,000 8.81% 7.57% 6.32% $14,800,000 8.38% 7.19% 6.00% $10,800,000 8.80% 7.55% 6.31% $14,900,000 8.37% 7.18% 6.00% $10,900,000 8.79% 7.54% 6.30% $15,000,000 8.36% 7.18% 5.99% $11,000,000 8.77% 7.53% 6.29% $15,100,000 8.36% 7.17% 5.98% $11,100,000 8.76% 7.52% 6.28% $15,200,000 8.35% 7.16% 5.98% $11,200,000 8.75% 7.51% 6.28% $15,300,000 8.34% 7.15% 5.97% $11,300,000 8.74% 7.50% 6.27% $15,400,000 8.33% 7.15% 5.96% $11,400,000 8.73% 7.49% 6.26% $15,500,000 8.32% 7.14% 5.96% $11,500,000 8.72% 7.48% 6.25% $15,600,000 8.31% 7.13% 5.95% $11,600,000 8.70% 7.47% 6.24% $15,700,000 8.30% 7.12% 5.94% $11,700,000 8.69% 7.46% 6.23% $15,800,000 8.30% 7.12% 5.94%

$15,900,000 8.29% 7.11% 5.93% $20,000,000 7.98% 6.84% 5.71% $16,000,000 8.28% 7.10% 5.92% $20,100,000 7.97% 6.84% 5.70% $16,100,000 8.27% 7.09% 5.92% $20,200,000 7.96% 6.83% 5.70% $16,200,000 8.26% 7.09% 5.91% $20,300,000 7.96% 6.82% 5.69% $16,300,000 8.25% 7.08% 5.91% $20,400,000 7.95% 6.82% 5.69% $16,400,000 8.25% 7.07% 5.90% $20,500,000 7.94% 6.81% 5.68% $16,500,000 8.24% 7.07% 5.89% $20,600,000 7.94% 6.81% 5.68% $16,600,000 8.23% 7.06% 5.89% $20,700,000 7.93% 6.80% 5.67% $16,700,000 8.22% 7.05% 5.88% $20,800,000 7.93% 6.80% 5.67% $16,800,000 8.21% 7.04% 5.88% $20,900,000 7.92% 6.79% 5.66% $16,900,000 8.21% 7.04% 5.87% $21,000,000 7.91% 6.78% 5.66% $17,000,000 8.20% 7.03% 5.87% $21,100,000 7.91% 6.78% 5.65% $17,100,000 8.19% 7.02% 5.86% $21,200,000 7.90% 6.77% 5.65% $17,200,000 8.18% 7.02% 5.85% $21,300,000 7.89% 6.77% 5.64% $17,300,000 8.17% 7.01% 5.85% $21,400,000 7.89% 6.76% 5.64% $17,400,000 8.17% 7.00% 5.84% $21,500,000 7.88% 6.76% 5.63% $17,500,000 8.16% 7.00% 5.84% $21,600,000 7.87% 6.75% 5.63% $17,600,000 8.15% 6.99% 5.83% $21,700,000 7.87% 6.75% 5.62% $17,700,000 8.14% 6.98% 5.83% $21,800,000 7.86% 6.74% 5.62% $17,800,000 8.14% 6.98% 5.82% $21,900,000 7.86% 6.74% 5.62% $17,900,000 8.13% 6.97% 5.81% $22,000,000 7.85% 6.73% 5.61% $18,000,000 8.12% 6.96% 5.81% $22,100,000 7.84% 6.72% 5.61% $18,100,000 8.11% 6.96% 5.80% $22,200,000 7.84% 6.72% 5.60% $18,200,000 8.11% 6.95% 5.80% $22,300,000 7.83% 6.71% 5.60% $18,300,000 8.10% 6.95% 5.79% $22,400,000 7.82% 6.71% 5.59% $18,400,000 8.09% 6.94% 5.79% $22,500,000 7.82% 6.70% 5.59% $18,500,000 8.08% 6.93% 5.78% $22,600,000 7.81% 6.70% 5.58% $18,600,000 8.08% 6.93% 5.78% $22,700,000 7.81% 6.69% 5.58% $18,700,000 8.07% 6.92% 5.77% $22,800,000 7.80% 6.69% 5.58% $18,800,000 8.06% 6.91% 5.77% $22,900,000 7.79% 6.68% 5.57% $18,900,000 8.05% 6.91% 5.76% $23,000,000 7.79% 6.68% 5.57% $19,000,000 8.05% 6.90% 5.76% $23,100,000 7.78% 6.67% 5.56% $19,100,000 8.04% 6.90% 5.75% $23,200,000 7.78% 6.67% 5.56% $19,200,000 8.03% 6.89% 5.75% $23,300,000 7.77% 6.66% 5.55% $19,300,000 8.03% 6.88% 5.74% $23,400,000 7.77% 6.66% 5.55% $19,400,000 8.02% 6.88% 5.74% $23,500,000 7.76% 6.65% 5.55% $19,500,000 8.01% 6.87% 5.73% $23,600,000 7.75% 6.65% 5.54% $19,600,000 8.01% 6.87% 5.73% $23,700,000 7.75% 6.64% 5.54% $19,700,000 8.00% 6.86% 5.72% $23,800,000 7.74% 6.64% 5.53% $19,800,000 7.99% 6.85% 5.72% $23,900,000 7.74% 6.63% 5.53% $19,900,000 7.99% 6.85% 5.71% $24,000,000 7.73% 6.63% 5.53%

$24,100,000 7.73% 6.62% 5.52% $27,000,000 7.57% 6.49% 5.41% $24,200,000 7.72% 6.62% 5.52% $28,000,000 7.52% 6.45% 5.37% $24,300,000 7.71% 6.61% 5.51% $29,000,000 7.47% 6.41% 5.34% $24,400,000 7.71% 6.61% 5.51% $30,000,000 7.43% 6.37% 5.31% $24,500,000 7.70% 6.60% 5.51% $31,000,000 7.38% 6.33% 5.27% $24,600,000 7.70% 6.60% 5.50% $32,000,000 7.34% 6.29% 5.24% $24,700,000 7.69% 6.59% 5.50% $33,000,000 7.30% 6.25% 5.21% $24,800,000 7.69% 6.59% 5.49% $34,000,000 7.26% 6.22% 5.18% $24,900,000 7.68% 6.59% 5.49% $35,000,000 7.22% 6.19% 5.16% $25,000,000 7.68% 6.58% 5.49% $36,000,000 7.18% 6.15% 5.13% $25,100,000 7.67% 6.58% 5.48% $37,000,000 7.14% 6.12% 5.10% $25,200,000 7.66% 6.57% 5.48% $38,000,000 7.10% 6.09% 5.08% $25,300,000 7.66% 6.57% 5.47% $39,000,000 7.07% 6.06% 5.05% $25,400,000 7.65% 6.56% 5.47% $40,000,000 7.03% 6.03% 5.03% $25,500,000 7.65% 6.56% 5.47% $41,000,000 7.00% 6.00% 5.00% $25,600,000 7.64% 6.55% 5.46% $42,000,000 6.97% 5.97% 4.98% $25,700,000 7.64% 6.55% 5.46% $43,000,000 6.93% 5.94% 4.96% $25,800,000 7.63% 6.54% 5.45% $44,000,000 6.90% 5.92% 4.93% $25,900,000 7.63% 6.54% 5.45% $45,000,000 6.87% 5.89% 4.91% $26,000,000 7.62% 6.53% 5.45% $46,000,000 6.84% 5.87% 4.89%