Fee options available
Architects’ fees are calculated in three ways: a percentage basis; a lump-sum basis; or time charged by agreement. Expenses may be included within the agreed fee or charged separately.
In this method fees are conveyed as a percentage of the total construction cost, i.e., the cost as certified by the architect of the works, including site works executed under a building contract. Both client and architect need to establish the services to be provided before fees can be estimated including the approximate construction budget and the nature of the work.
Best used where the scope of the work proposed can be clearly defined from the outset. It is important to define the parameters of Architects services including time, project size and cost where applicable, so that if these are varied more than an agreed amount, the lump sum itself may be varied.
This basis is best used where the scope of work cannot be reasonably foreseen or where services cannot be related to the amount of construction. It may be wise to set an upper limit on fees to be incurred, perhaps on a staged basis. Records of time spent on services will be made available to clients on reasonable request.
How much does it cost?
Fees can be set a number of ways dependent on the service required, you can select all or part of an architect’s service, from an initial design discussion through to the final delivery of the project on site.
Budget for the Project
Construction cost and overall budget for the project are not the same. The overall budget will include all professional and legal fees and expenses, the statutory charges for applications for planning consent and building warrants, a contingent sum for unforeseen events and other costs such as furniture, equipment, land acquisition, finance charges and VAT, in addition to the construction costs.
Architects fees come in as part of the overall budget of a project and must be considered as an integral part of your budget when embarking on a project