Professional Service Fee Based on Construction Cost
An educational facility has a total construction budget of $12 million. The percentage of design services compared to construction cost is 7%. What is the professional service fee for the project?
What is $840,000
What is the administration fee that should be included when writing a proposal?
What is $500.
What is the architectural (A) and structural (S) professional service fees for residential design associated with a 140-unit apartment complex, assuming the combined A and S design fees account for 2.5% of the construction costs, given that each unit costs $180,000?
What is $630,000.
This method of determining construction costs involves obtaining pricing from multiple contractors, ensuring the best value for the client.
What is competitive bidding?
A retail building project has an overall construction budget of $6 million. If the architectural fee and structural fee account for 4% of the total professional service fee, and the Schematic Design (SD) through Construction Documents (CD) phases account for 80% of the overall professional service design, what is the structural and architectural fee up to bidding services?
What is $192,000?
Which tab in Ajera should be used to establish team members' standard and discounted hourly rates?
What is the Employees tab?
For a project involving the design of a 100-unit apartment complex, the mechanical, electrical, and plumbing (MEP) professional service fees are assumed to be 2.5% of the total construction costs, with each unit priced at $180,000. What is the MEP professional service fee for the 100-unit apartment?
What is $450,000.
In addition to direct construction cost, these types of expenses, such as permits, and professional fees, are crucial in determining the total project cost.
What are soft costs?
For an industrial facility project with a construction budget of $15 million and a total professional service fee of 8.5%, the following are the breakdowns for the professional service fee based on discipline: architectural fees are 48%, mechanical fees are 15%, and plumbing fees are 7%. If the fee for the construction phase constitutes 17% of the professional services, what is the total professional service fee allocated for this phase?
What is $216,750?
15,000,000×0.085×0.17=216,750
A retail facility project is expected to have an 8-week design schedule. One team member, billing at $95/hr, will be performing the design work and will allocate 25% of their time each week to the project. What is the total professional service fee for the design phase (excluding the administration fee)?
What is $7,600.
What is the full-service (ASMEP) fee for the design of a 200-unit apartment complex, assuming the ASMEP fees account for 5.0% of the construction costs, with each unit priced at $180,000
What is $1,800,000
This process is often the first step in cost evaluation, provides an initial rough estimate based on square footage, materials, and project scope.
What is a conceptual cost estimate?
An industrial project with a $7.5 million construction budget is expected to take 4 months for design and 20 months for construction. If the professional fee is split with 80% allocated for design and 20% for construction oversight at a total fee percentage of 7.8%, what is the fee allocated to the design phase?
What is $468,000.
An educational facility project, with pre-selected trade partners, is expected to last 64 weeks in total, including 4 weeks of design time and bi-weekly construction meetings (1 hour each). Two team members, billing at $195/hr and $165/hr, are expected to work full-time on the project during the 4-week design phase (40 hours/week). The team member billing at $165/hr is also expected to attend bi-weekly meetings during the construction phase. What is the total professional service fee for the project (excluding the administration fee)?
What is $62,550.
Why is it important to align and stack residential-style units vertically when designing multifamily properties?
What is to reduce construction costs and improve plumbing / mechanical system efficiency?
While value engineering can reduce costs, this potential downside may occur when the focus shifts too heavily towards cost savings, leading to compromises in this critical aspect of the project.
What is quality or long-term performance?
An office building project has an overall construction budget of $10 million. If the architectural fees are set at 48% of the basic services and the schematic design and design development scope constitutes 55% of the overall architectural services, what is the professional service fee allocated to the schematic design and design development phase?
What is $264,000?
Total Architectural Fee=10,000,000×0.48=4,800,000
Schematic Design and Design Development Fee=4,800,000×0.55=2,640,000
A construction project is expected to last for 20 weeks, with meetings scheduled bi-weekly. If a project manager's billing rate is $105/hr and a designer's billing rate is $95/hour, calculate the total professional service fee for both the project manager and the designer, given that the project manager spends 3 hours a week and the designer will spend a total of 24 hours during the construction process.
What is $8,580.
Project Manager: $6,300; Designer: $2,280
This common method for determining professional service fees in multifamily design involves calculating costs based on the total construction budget and applying a percentage to arrive at the architect's fee.
What is the percentage of construction cost method?
Owners may face higher long-term costs when this important consideration, focusing on durability and energy efficiency, is overlooked during the design phase.
What is lifecycle costing?