Compass Electric LLC proposes to furnish the aforementioned installation labor and/or material in accordance with the above description for the sum of($0.00)USD.

This pricing shall remain in effect for a period of 30 days from the date of this proposal. This proposal may be withdrawn if not accepted within Thirty days from date of submission. Any work required under this proposal after this date is not covered within the scope of this proposal.

Payment Schedule: Unless otherwise indicated below a payment of 10% is due with proposal acceptance; a payment of 40% is due upon start of work with a final payment of 50% due with work completion. All payments not received by invoice due date shall be considered past due. Past due accounts will be charged an interest charge at the rate of 2.5% per month until the balance is paid in full. No release of lien shall be signed unless all payments are paid in full.

PERFORMANCE:

Compass Electric LLC agrees that where a written construction schedule is provided with the signing of this proposal and fails to comply with said schedule, Compass Electric LLC shall pay all overtime costs necessary to complete construction in a timely manner. If a written construction schedule is not provided with the signing of this proposal, Compass Electric LLC shall not pay for any overtime to complete project and any overtime required shall be considered an extra and authorization shall be required according to CHANGES AND EXTRAS referred to below. Reasonable time shall be given to Compass Electric LLC to complete each phase of the electrical job.

MATERIALS AND EQUIPMENT:

All material and equipment shall be as warranted by the manufacturer and will be installed in a manner consistent with standard practices at this time. It is agreed that title to all material required (for the purpose of this proposal) to remain the property of Compass Electric LLC until paid in full. It is understood that Compass Electric LLC shall have the authorization to enter upon owner/contractor property for the purpose of repossessing material and equipment whether or not installed without liability to owner/contractor for trespass or any other reason.

EXCLUSIONS:

This proposal does not include concrete, forming, painting, patching, trenching, core drilling, venting and sealing of roof penetrations. All waste created by electrical contractor will be removed to a specific area on the construction site.

CHANGE ORDERS:

Any deviation, alteration or changes from this proposal will be executed only with a written work order approved by all signed parties. While changes shall not void the proposal, additional charges for changes or modification to this proposal will be based on the current Compass Electric LLC labor rate of one hundred thirty five ($135.00) dollars per hour. This labor rate includes labor, labor benefits, supervision, and other overhead costs. Material shall be charged at Compass Electric LLC’s current materials price.

Compass Electric LLC must receive written authorization from the authorized proposal customer acceptance signatory or by any of the individuals listed below authorized by this acceptance signatory prior to commencement of the work. NO CHANGE ORDER WORK SHALL COMMENCE UNTIL COMPASS ELECTRIC LLC RECEIVES APPROPRIATE AUTHORIZED WRITTEN AUTHORIZATION.

NATIONAL AND LOCAL CODES:

Electrical installation shall meet the National

Electrical Code and local building codes. Errors in design by the architect and/or engineer are not the responsibility of Compass Electric LLC. Any additional outlets, wiring, fixtures, equipment, etc. not indicated on plans and specifications that are required by other (i.e., Inspectors) shall not be part of this proposal.

FIXTURES AND EQUIPMENT SUPPLIED BY OTHERS: All materials, fixtures and equipment supplied by and in the control of others to any degree which incur losses due to theft, damage, vandalism, etc. are not the responsibility of Compass Electric LLC. All delivered fixtures and equipment must be stored by others. Therefore this proposal pricing does not include or cover expenses for:

1. The warranty of fixtures and equipment supplied by others includes those currently installed or existing that will be related to or directly connected to the scope of work in this proposal.
2. Equipment supplied by others (except fixtures according to conditions above) shall be installed by others. The assembly of fixtures and/or equipment supplied by others.
3. Fixtures weighing more than fifty (50) pounds

WARRANTY:

Warranties shall apply exclusively to the electrical installation of the material, fixtures, equipment, and other items supplied by Compass Electric LLC. Therefore this Warranty does not apply to:

1. Material, fixtures, equipment and other items supplied by others.
2. Extensions or additions to the original installation if made by others.

Warranty shall commence from the final electrical inspection date for a maximum period of one (1) year. Warranty or service will not be performed if any payments according to this proposal become past due including change orders.

ELECTRICAL CONTRACTOR SHALL NOT BE LIABLE:

For failure to perform based on any condition outside of the full controls of Compass Electric LLC such as labor disputes, accidents, acts of God, governmental or municipal regulation or interference, shortages of labor or materials, delays in transportation, non-availability of the same from manufacturer or supplier, or other causes beyond electrical contractor's control. In no event shall the electrical contractor be liable for special or consequential damages whatsoever or however caused.

CUSTOMER DEFAULTS:

Owner/contractor will be in default if: Any payment called for under this proposal and all authorized change orders becomes past due.

1. Any written agreement made by the owner/contractor is not promptly performed.
2. Any conditions warranted by the owner/contractor prove to be untrue.
3. Failure of owner/contractor to comply with any of the conditions of this proposal.

Compass Electric LLC – In the event of a customer default the customer agrees to remedies for Compass Electric LLC, who may do any or all of the following:

1. Suspend the work and remove its material/equipment from the premises.
2. Remove any Electrical Contractor-supplied material/equipment, whether or not it has been installed and whether or not is has been placed in operation. In this regard, owner/contractor agrees that electrical contractor may enter upon owner/contractor property for the purpose of repossessing such equipment without liability to owner/contractor for trespass or any other reason.
3. Retain all monies paid hereunder, regardless of the stage of completion of the work and bring any appropriate action in court to enforce its rights. The owner/contractor agrees to pay all costs and expenses, attorney's fees, court costs, collection fees (including fees incurred in connection with appeals) incurred by electrical contractor in enforcing its rights under this proposal.