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Calculating fees is challenging and can be stressful, especially for younger architects trying to make a living, pay staff, and grow their practice. But calculating fees is primarily about estimating practice costs and adding room for profit and growth.听

How to Calculate Fees

Webday Wednesday Series听

Topics:听Practice / Finances / Project Management听

Length:听1 hour |听What's Included:听Video, Quiz, and Certificate of Completion听

This webinar is available to stream!听

This听webinar听will听explore听two听methods听for听fee听calculation: percentage based听and 鈥渂ottom-up鈥澨齜ased.听We听will听walk听through听the process of听estimating听design听project听costs听based听on the 鈥渂ottom-up鈥澨齝ost听estimating听method. 鈥淏ottom-up鈥� means using the project鈥檚 Work Breakdown Structure to define the deliverables, sub-deliverables and tasks, estimating the resources needed to execute each task, and applying the practice鈥檚 blended rate to determine an estimate of your costs.听

We will also use the RAIC鈥檚 2019 publication A Guide to Determining Appropriate Fees for the Services of an Architect to calculate a percentage-based fee. We will compare the percentage-based and the bottom-up-based fee calculations to establish what we believe will be a competitive fee acceptable in the market place. Each registrant will receive a complimentary copy of A Guide to Determining Appropriate Fees for the Services of an Architect.听

Learning Outcomes:听

At the completion听of this听webinar, participants will be able to:听

• Create a Work听Breakdown Structure (WBS);
• Apply the WBS to estimate the resources needed to execute design project tasks;
• Estimate the cost of project resources;
• Apply the percentage fee tables and adjustment factors of the RAIC鈥檚 A Guide to Determining Appropriate Fees for the Services of an Architect to determine a percentage based fee.

Subject Matter Expert:听

Don Ardiel听B.Arch., MDE, OAA, MRAIC, PMP

Available Until:听December 31, 2022

This is a recording of a live event.听
This听webinar听is part of a series!听See more like this听here.听