The step-by-step process for applying the Top-Down method is as follows: Top-Down Project Fee Budgeting Applying these two approaches, I believe, is as close an architect can hope to create as a ‘guarantee’ of a minimum 20% Net Profit at the end of any project. My preferred best practice method for developing a project fee is the “Top-Down, Bottom Up” approach to fee budgeting. In my professional opinion, one of the best practices to apply in advance of providing a client with a proposed fee is to always invest the time and expense required to develop a Project Fee Budget. There are however ‘best practices’ to apply to ensure that a project is profitable and to even successfully earn a minimum Net Profit of 20%. The Firm is not responsible for delays due to unforeseen eventualities or acts of God such as poor weather, flooding, natural disaster etc.Sadly, there’s no way for an architect to guarantee their projects will be profitable, let alone earn a minimum 20% Net Profit at the completion of any project. The Firm is not responsible for delays due to outside agencies such as planning or governmentĪuthorities, builders’ merchants, shipping and transit companies and third-party contractors.ġ1. Any subsequent agreement, whether written or oral, between the Firm and the Client shall override the terms of this architectural proposal.ġ0. The Client undertakes not to withhold payment for any reason.ĩ. The Firm may outsource work or manage contractors.Ĩ. The Firm shall undertake all of its work with professionalism and due care.ħ. The Firm will ensure compliance with all relevant laws and regulations.Ħ. The Client undertakes to provide the Firm with clear instructions and guidance when required.ĥ. The Firm undertakes to consult with the Client in order to facilitate the completion of the agreed milestones above as well as the completion of the project as a whole.Ĥ. The Client undertakes to pay the fee set out above in accordance with the agreed payment milestones.ģ. The Firm agrees to provide the services outlined in this proposal for the fee outlined above.Ģ. We hope that you will give us this opportunity to deliver you an on-time and on-budget dream-home.ġ. Please let us know if you have any questions, suggestions or changes (however small) to the proposal we really want to hear from you!įinally, we realize that you are very busy and wanted to thank you in advance for your time spent reviewing our proposal. We also follow best practices in the areas of ergonomic home planning and environmentally-friendly design to make your home efficient and save you money on the cost of utilities. We care about each and every client and will work our hardest to design a safe and exciting home for you and your family. You can also check out our portfolio of recent work online at. We have full confidence that whoever you speak to you will hear nothing but ringing endorsements. prides itself on turning in projects on-time and within budget so if you would like to contact some of our hundreds of satisfied clients then please let me know. We know that realizing creative projects requires a unique combination of drive, ambition, skill and technical know-how so at we only hire the best to ensure we provide a turnkey solution for our clients that is both realistic and extraordinary! Please find enclosed our detailed proposal for your kind consideration.
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