How to Calculate Fees | REGULAR | Royal Architectural Institute of Canada

How to Calculate Fees | REGULAR

SKU: WW200101

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. 

How to Calculate Fees

Webday Wednesday Series 

Topics: Practice / Finances / Project Management 

Length: 1 hour | What's Included: Video, Quiz, and Certificate of Completion 

This webinar is available to stream! 

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 webinar, participants 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.

Subject Matter Expert: 

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

Available Until: December 31, 2022

Pricing A-La-Carte 

This is a recording of a live event. 
This webinar is part of a series! See more like this here. 

Disclaimer 

  1. Cancellation/Refund: Your access begins as soon as payment is processed. Please note, a refund is only available if you cancel within 5 business days of your initial order, and you have not accessed any content. An amount equal to *10% of the registration cost will be retained as an administration fee. Should you cancel after 5 business days, your payment is non-refundable. There are no exceptions to the cancellation/refund policy. Webinars and courses are not transferable.  
  2. The RAIC reserves the right to cancel registrations for individuals who sign-up for the wrong category (member or non-member). Please select the correct membership category when registering to avoid interruption of service. Log into your member account to access member pricing. If you have any questions about which category to register for, please contact the RAIC education administrator at education@raic.org   
Instructions:  
 
Access RAIC webinars in 3 easy steps: 
 
  1. REGISTER online through the RAIC Store 
  2. LOG IN to the RAIC Learning Management System 
  3. ACCESS courses on your personal Education Dashboard 
For more information watch the RAIC Learning Management System video. If you need assistance, please contact the RAIC education administrator at education@raic.org
 
$75.00
List price: $75.00
Member Price: 
$50.00