A/V system proposal from Verrex Corporation, May 1998

NYC 9/11 Public Portal Document

Verrex Corporation

3. Our facility includes a fully-equipped 2,800 square foot fabrication shop with engraving, metal- and wood-working capabilities to minimize delays -when custom assemblies are required. 4. We currently have five full-time shop fabricators with more than 50 years cumulative experience in electronics fabrication. 5. We currently have eleven full-time technician/foremen, who each have extensive field experience and continually receive on-going technical training to keep them abreast of new technologies. 6. We have available a full complement of analytic and troubleshooting instrumentation and equipment, including TEF analyzers and Acousti-CAD software. 7. We employ a “Team” approach to project management. Each project team includes a project engineer (who acts as team leader), an account executive, a field coordinator/foremim, and additional technical personnel as required. 8. We provide extensive and comprehensive documentation of all phases of a project. The quality of our as-built drawings and owners’ manuals is unparalleled. 9. Our commitment to customer service is evidenced by the large number of our repeat clients, and our customer list reads like a “Who’s Who” of industry, government and institutional leaders WORLDWIDE.

n. SYSTEM WARRANTY Warranty on equipment supplied and installed by VERREX is one year from date of system first use. This covers equipment and labor, which we supply. The only exclusions to this are the exclusions claimed by individual manufacturers, wire and convergence of the video projectors after ninety days. Manufacturer exclusions are generally for bulbs, belts, video heads, audio heads, CRT's, batteries and other parts susceptible to general wear. These exclusions are detailed in the manufacturer's manuals which we supply at the conclusion of the project. VERREX does not offer any warranty on owner furnished equipment. Owner furnished equipment if not working should be returned to the factory for warranty repair or VEPlREX will repair or have equipment repaired at our normal hourly rate. Copies of packing slips and or invoices will be necessary for returning owner fu rnished equipment under warranty.

HL TRAINING OF OWiSER PERSONNEL Training of designated owner personnel will be performed under the terms of the system specification. We have budgeted for 32 hours of training to take place over eight sessions. Should additional training be required, it is available at the rate of $95 per hour.

IV. PAYMENT TERMS Our terms are 30% deposit of total contract amount upon receipt of a written contract. Invoices will be submitted monthly. Payment is due within 30 days from date of invoice. Final billing is net 30 days. A 1.5% per month finance charge will accrue on all past due invoices and collection fees if incurred.

We will invoice for material stored in our facility to help avoid price increases and material delays. The necessary insurance certificates and bills of sale will be submitted. The material is available for

File: PMAYORS.TBJ Page 2 of4

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