There are “Architects Fee Considerations” other than percentages, hourly costs and other costs.
Things to consider include:
- What other work do you expect to have during the likely schedule of this project? (Dead-lines often creep.)
- How much competition do you think that you have?
- How good a client has this been or is expected to be?
- Is this phase 1 of a multi-phase project?
- The question usually boils down to “How hungry are you”?
- If you are a “start-up” and the partners are doing most of the work, you can put in some extra un-compensated hours and cut the fee, (a little).
- Don’t be concerned about overtime. 5-10 hours of overtime per week makes most employees happy. But, any more than that, makes them less productive. However, I believe that limited over-time actually improves your bottom line. To learn the reasons why “Click Here”.
- Some projects are “losers”. Try to pass-up most of them.
Always calculate your estimated hours and other costs including profit and never take on a project that the Architects Fee doesn’t correlate well.
I have just shared with you some of the fee “secrets” that took me 35 years to perfect. Apply my advice and use your best judgment; your proposals will win you work.
To learn about FEE CALCULATIONS “Click Here“‘
To discover HIGHER PROFITS “Click Hear“.
To find out about the benefits of OVERTIME “Click Here“.
Excerpted from The “Complete Guide” to CONSULTING ENGINEERING © 2015 John D. Gaskell. Used with permission of Professional Value Books, Inc. All rights reserved. See DISCLAIMER and order at http://www.TheEngineersResource.com. Use discount code “paperback” and save.