Webday Wednesday - How to Calculate Fees

How to Calculate Fees
Date: January 15, 2020
Presented by Don Ardiel 

SESSION:

Calculating fees is challenging and can be stressful, especially for younger architects trying to make a living, pay staff, and grow their practice. But calculating fees is primarily about estimating practice costs and adding room for profit and growth.  

This webinar will explore two methods for fee calculation: percentage based and “bottom-up” based. We will walk through the process of estimating design project costs based on the “bottom-up” cost estimating method. “Bottom-up” means using the project’s Work Breakdown Structure to define the deliverables, sub-deliverables and tasks, estimating the resources needed to execute each task, and applying the practice’s blended rate to determine an estimate of your costs. 

We will also use the RAIC’s 2019 publication A Guide to Determining Appropriate Fees for the Services of an Architect to calculate a percentage-based fee. We will compare the percentage-based and the bottom-up-based fee calculations to establish what we believe will be a competitive fee acceptable in the market place. Each registrant will receive a complimentary copy of A Guide to Determining Appropriate Fees for the Services of an Architect.

LEARNING OUTCOMES:
At the completion of this session, the participant/learner will be able to:

• Create a Work Breakdown Structure (WBS);
• Apply the WBS to estimate the resources needed to execute design project tasks;
• Estimate the cost of project resources;
• Apply the percentage fee tables and adjustment factors of the RAIC’s A Guide to Determining Appropriate Fees for the Services of an Architect to determine a percentage based fee.

Continuing education learning hours: 1 credit

Don Ardiel B.Arch., MDE, OAA, MRAIC, PMP

Director of Practice Support and Director of Syllabus l Royal Architectural Institute of Canada

In addition to operating his own architectural practice for 20 years, Don Ardiel has provided project management, instructional design, and media production services for health care agencies including the Canadian Association for Enterostomal Therapy for their successful professional nursing specialty distance education program.

Currently, Don is the Project Coordinator for the RAIC/AU Syllabus Renewal Program – Technical Courses Development Project. Don Ardiel facilitated workshops and provided instructional and services for the Royal Architectural Institute of Canada, provincial associations of architecture in Ontario, Manitoba, Alberta, and New Brunswick, Public Works and Government Services Canada,  Agriculture and Agri-Food Canada, and the Project Management Institute’s Southwestern Ontario Chapter.  

REGISTRATION DEADLINE: Monday, January 13, 2020, at 5:00 p.m. ET

WEBINAR REGISTRATION FEE:
$50 for RAIC members, plus applicable taxes.
$75 for non-members, plus applicable taxes.

SCHEDULE: The Webinar will take place on Wednesday,  January 15, 2020, at 1 p.m. ET in English.
The Canada-wide schedule by time zone is:

More information, including online access instructions and a PDF copy of the slides, will be sent to you by email on the Tuesday prior to the Webday webinar.