Charging for services

Contributed by David B. Richards, FAIA, LEED AP, PMP. Excerpted and adapted from The Architect’s Handbook of Professional Practice, 15th edition

Summary

Architects have several options for charging for their services, including retainers, percentage of completion, hours worked, payment per fee schedule, payment at project milestones, and working when paid. Let’s take a look at each of these options; not all are appropriate for every project, client, or practice, but you will likely come across one, if not a few, in your work.