Fee Flashcards
1
Q
Stipulated sum / lump sum
A
Encourages internal budget
Keeps records confidential
Invoicing is easily understood
Allows for greatest profit/greatest risk
Needs greatest definition of project prior to scope
Does not penalize architect for cost savings
KINDAE
Client
total fee before starting project
extensive experience
Oriented to lowest fee
Project type and services Well defined scope and schedule Scope is clear Hotel hospital or unit based project Site adaption of prototypical design
