(August 21, 2025 @ 6pm ET) 40 Minutes of Competence Study Session - Fee Fundamentals: Taking Control of Your Professional Worth
This week's Amber Book : 40 Minutes of Competence program is titled, “Fee Fundamentals: Taking Control of Your Professional Worth”
Relevant Exam Division: Practice Management (PcM)
These study sessions are free and open to all, not just Amber Book subscribers, so join us this Thursday at 6pm ET: https://us02web.zoom.us/j/83922907346
Sign up for weekly invitations to Amber Book's 40 Minutes of Competence Zoom sessions using this link: https://www.amberbook.com/40-minutes-of-competence
You’ll take the first five minutes of class to answer this week's question alone, but if you would like to get a head-start on that, here is the assignment:
An owner of a fast-growing company would like to hire an architect and incentivize him to work as quickly and efficiently as possible and keep the total cost of the work low, but the scope of the project may change many times during design because the company’s explosive growth seems to change its needs weekly. Which is the most appropriate fee structure?A. Multiple of direct salary expense
B. Percentage of construction cost
C. Professional fee plus expenses
D. Stipulated sum
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