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Old 05-11-2021, 07:48 AM
Bill14564 Bill14564 is offline
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I will read the study more closely to find and understand the credits and additional calculations. My impression from the study was that the 40% number was determined by dividing the existing fees by the "maximum defensible" fee: essentially, what number was necessary to keep the fees the same.

I'll also need to look at what "maximum defensible" means. I'm surprised that 110% to 130% of actual cost was considered to be defensible. But again, I need to look at the study more closely.
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