Document pmgMoa0k6jOpQ8XR5kwBZ664X

McGraw Construction Company ENGINEERS AND CONSTRUCTORS P. O. Box 272 Middletown, Ohio March 2, 1960 Elliott D. Levey President Armco Steel Corporation 703 Curtis Street Middletown, Ohio Attention: Mr. Roger Oakley Accounting Department, East Works Dear Sir: Mr. Reeder has outlined to me in detail the substance of his discussions with you regarding the McGraw engineering contract, which covers our office at Canal Street, Middletown, Ohio. I understand that Armco wishes to know if we are interested in the possible purchase of the engineering equipment and office furniture which is owned by Armco and used in our Canal Street engineering office. 1 understand also that there is a possibility Armco may wish to amend the engineering contract so that it will provide a fixed burden rate per hour for the salaries of the chief engineer, assistant chief engineer, female clerks and Janitors; rent, telephone service, heat and light, janitor service and supplies, stationery and supplies, vacation reserve, payroll taxes and insurance and equipment amortization. If desired by Armco, we will purchase the equipment for the sum of $7,500.00. We propose a rate for the burden, which includes all of the charges set out above, as follows: Engineers per Month l6o 1 125 80 - 100 60 - 80 40 - 60 20 - 40 Per Payroll Hour $6.65 1.05 1.15 1.25 1.35 McGCon 3024