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Saturday, February 28, 2009

ARCHITECT | STAGES OF PAYMENT

The Architect shall be paid Professional fees in the following Stages, consistent with the work done:

CLIENTS BRIEF:
On appointment and signing of Agreement: Rs 20,000/- or 5% of total fees payable, adjustable at the last stage, based on the Rough estimate of cost.

CONCEPT DESIGN:
On submitting Conceptual designs and Rough estimate: 10% of total fees payable, based on the Rough estimate of Cost.

PRELIMINARY DRAWINGS :

On submitting the required Preliminary Scheme for the Client’s approval along with the Preliminary Estimate of cost : 20% of total fees payable, less payment already made, based on Preliminary estimate of cost

DRAWINGS FOR CLIENTS / STATUTORY APPROVALS:
On incorporating Clients suggestions and submitting drawings for approval from the Client/Statutory Bodies: 35% of total fees payable, less payment already made, based on Preliminary estimate of cost.

WORKING DRAWINGS AND TENDER DOCUMENTS :
On preparation of working drawings, specifications, schedule of quantities, estimate, and tender documents: 45% of total fees payable, less payment already made, based on Preliminary estimate of cost.

APPOINTMENT OF CONTRACTORS :
On inviting, receiving and analyzing tenders and advising the Client on appointment of Contractors: 55% of the total fees payable, less payment already made, based on accepted Tender cost.


CONSTRUCTION:
On submitting Working Drawings and details required for commencement of Work at site: 65% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 20% of work at site: 70% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 40% of work at site: 75% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 60% of work at site: 80% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 80% of work at site: 85% of total fees payable, less payment already made, based on accepted Tender cost.

On Virtual Completion of work at site: 90% of total fees payable, less payment already made, based on accepted Tender cost.

COMPLETION :
On submitting Completion Report and drawings for the project required in obtaining Completion / Occupation Certificate from Statutory Authorities and on issue of as-built drawings: 100% of total fees payable, less Retainer & payment already made, based on Actual total cost.

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