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GENERAL PROJECT OVERVIEW <br /> To add tent outside of the gray fields or click the statutory reference link, de-select the "Protect Form" <br /> (lock) button on the Forms toolbar. <br /> number of independent contractors at work at Piper has increased by 63 positions since <br /> the start of the project. <br /> The practice of working with independent contractors is common in the aviation industry <br /> during research and development of a new product. Engineers and designers with highly <br /> specialized expertise are hired for the product development phase of the project. <br /> Independent contractors are paid directly by Piper or by an agency and live in the <br /> community for one to three years . Many are leaders in their fields and are highly <br /> compensated for their expertise. For example, those in engineering roles earn <br /> approximately $200,000 . <br /> Department/Role # Independent Contractors at Current # of <br /> Start of Project Independent <br /> Contractors <br /> —Engineering Programs 37 76 <br /> Indirect 5 11 <br /> Manufacturing <br /> Sustaining 2 17 <br /> Engineering <br /> Administration 5 7 <br /> Sales & Marketing 12 2 <br /> Direct Manufacturing 1 12 <br /> Total 62 125 <br /> Average Wages and Value ofBeneftts — Current <br /> At this time, Piper' s annual payroll (with overtime included but without benefits) is $46 . 5 <br /> million. That results in an average wage of $45 ,900 . <br /> With benefits, Piper ' s payroll is $ 59 . 1 million, for average compensation (wages plus <br /> benefits) of $ 58 ,200 per employee. The value of benefits is $ 12 ,400 per employee. <br /> Average Wages and Value of Benefits — Projected for New Jobs <br /> As shown above, Piper' s estimated annual employment will fluctuate over the next <br /> several years , and estimated average wages will fluctuate as well . The chart below shows <br /> estimated average wages, with and without benefits , for the period from 2007 through <br /> 2015 . <br /> Page 13 of 15 <br />