Fees Flashcards
1
Q
What should you use to calculate percentage fees?
A
Total construction cost
2
Q
Name 5 key elements of agreeing a fee which should be considered.
A
- read and understand scope of service
- use BIM & collaborative working
- invoice regularly
- sign agreement based on RIBA appointment models
- agree disbursements eg. Meeting numbers / travel
3
Q
Lump sum fees - name 3 things that should be considered
A
- taking on responsibilities you are not being paid for can leave you uninsured
- assess Design Responsibility Matrix as early as possible - additional fees can be sought for gaps in information
- keep fee agreements up to date
4
Q
Time charges apply to both percentage and fixed fee agreements. What 2 items should be agreed relating to them?
A
- whether client will pay overtime
- agree invoice frequency - end of month
5
Q
What should a fee letter contain? Name 6 items
A
- fee + VAT + expenses
- agreed hourly rates + expenses cap
- summary terms and conditions including PII figure
- expected payment time frame
- state if fee letter is accepted as letter of appointment - full terms and conditions will be issued
- services that are NOT included
6
Q
If the Architect is appointing subconsultants what should be agreed?
Once agreed this becomes the project budget and should be monitored in both time and cost.
A
Cash flow via Architects Appointment documents
