I got a question when working on the Ballast Practice Exam are5.0, the project management 117 on page 2-7.
The explanation for 117 indicates that architectural design fee established by owner = direct labour rate x total billable hours.
Just wondering shouldn't it be: architectural design fee=billing rate x total billable hours?
I thought the architectural design fee includes direct labour, overhead and profit. Any thoughts?
Many thanks in advance!
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