Extra Flashcards
Fee structures commonly used by architects for their services.
Monthly, based on hours.
Percentage of completion.
Retainers.
Project milestones.
Project reimbursables
are added onto expense reports and are billed to clients, but are not a way that an architect charges for their services. They are a way for the architect to be reimbursed for costs spent during the course of the project, for example out of town travel to a project site.
Design-bid-build (project delivery length)
A project delivery methods that tends to be the longest delivery method. The bidding and negotiation period, as well as potential constructability issues due to not having a contractor on board early in the project, can extend the overall timeline.
Design-build
A project delivery method that doesn’t tend to be any faster than design-bid-build - the procurement phase of the project simply takes place before the design, and then the design phase is of similar length. When time is of the essence, this project delivery method isn’t the best choice.
Negotiated select team
While this project delivery method is generally a faster project delivery method than design-bid-build because the bidding process is replaced with a generally shorter negotiations process, it’s still not as fast as a construction manager as constructor project delivery method.
Construction manager-at-risk
The project delivery method can provide pre-construction services giving the owner early insight into construction schedule impacts and long lead items. They are also bound to the contract documents, cost estimates and schedule they establish early on in the project, The overlap of design and construction allows for a shorter schedule.