Architect's Fees
See also: Earnings for architectsArchitects' fee structures are typically based on a percentage of construction value, as a rate per unit area of the proposed construction, hourly rates or a fixed lump sum fee. Combinations of these structures are also common. Fixed fees are usually based on a project's allocated construction cost and can range between 4 and 12% of new construction cost, for commercial and institutional projects, depending on a project's size and complexity. Residential projects range from 12 to 20%. Renovation projects typically command higher percentages, as high as 15-20%.
Overall billings for architectural firms range widely, depending on location and economic climate. Billings have traditionally been dependent on the local economic conditions but, with rapid globalization, this is becoming less of a factor for larger international firms. Salaries also vary, depending on experience, position within the firm (staff architect, partner or shareholder, etc.) and the size and location of the firm.
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Famous quotes containing the word architect:
“It was always the work that was the gyroscope in my life. I don’t know who could have lived with me. As an architect you’re absolutely devoured. A woman’s cast in a lot of roles and a man isn’t. I couldn’t be an architect and be a wife and mother.”
—Eleanore Kendall Pettersen (b. 1916)