Hello All,
Over the past few weeks Dmitry made significant progress. We have asked him to focus his time and efforts almost exclusively on your work in order to complete all of what we agreed upon. During this push he has nearly completed the work with the Kryo and SPM regulators. Once those are done, he will complete the overall work by tying everything into the CPR3 driver.
This last push has consumed the remaining engineering time on the second PO you authorized, and we have not yet completed the work at hand. I've worked with Dmitry to get the best estimate possible on what it will take to complete the work, and we are looking at 8 engineering days. At the rate of $2,000 per day, that is an additional $16,000. Given that I have not expended all the PM time authorized in the two agreements already reached, I do not believe any more budget for project management will be necessary.
I know this is the second time we have come back after exhausting our estimates, and I can only apologize for that. Several items have turned out to be more complex than we had anticipated. But we are now very confident that we have an accurate estimate on the last push to complete the work for you. We understand how important this work is to your product line, and we are dedicated to getting the work completed at a high level of quality and in a way that will support your business.
Please let me know if you wish to continue with the work, and we will send an additional extension request for approval. Terms would be paid in 30 days as before, with work to resume immediately. I believe we should have another meeting to discuss where we go from here and the options for completing the work. I suggest 9:00 PDT on Tuesday, 11 October (5:00 pm BST, 6:00pm CET). Please let me know if that works for you, and if it does not when would be a good time.
Thank you.
Kind regards,
Paul Neuhardt