How much should the architect charge in this case?
For a house addition project, the architect's fee is calculated based on 10% of the total construction cost. The contract administration part will be 20% of the total design service fee.
3 responsive bid has been received.
Contractor 1
Total cost: $180,000
Contractor 2
Total cost: $177,000
Contractor 3
Total cost: $173,000
After bidding has been completed, the owner chose contractor 2 and signed the contract. But right after the contract has been signed, the owner run into a major financial issue and decide to not move forward with the project any further. No construction was done. In this situation how much should the architect charge?
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This is a simple math question: 177,000x10%x80%= 14,160
Gang Chen, Author, AIA, LEED AP BD+C (GreenExamEducation.com)
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