Architect Schedule of Payment - Printable Version

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Architect Schedule of Payment - fdaforum - 07-28-2014

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 DESIGN AND 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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