3 Agreement Of Fees

Question 1

What is the RIBA policy on fee agreements?

Answer 1

‘A ember of the RIBA is requried by conduct to record the terms of any appointment before undertaking any work, and to have the necessary competence and resources’

Question 2

What are the key reasons for a written agreement? (3)

Answer 2

1. Agreement of what services are to be provided for what fee.
2. Forms a contractual document of offer, acceptance and consideration
3. Terms of that contract lead to an exchange of services for a payment

Question 3

What is important to remember about an agreement? (2)

Answer 3

1. That all parties understand their roles and obligations

2. That the client understands that it is their job to pay for the services

Question 4

Which section of the RIBA Code of Professional Conduct outlines the requirements for an agreement?

Answer 4

Section 2.3

Question 5

What does the RIBA Code of Professional Conduct include for agreements? (6)

Answer 5

1. Terms
2. Scope of work
3. Project requirements
4. Implications of any conditions of appointment
5. Explain how fees are calculated and charged
6. Maintain appropriate records.