Method Of Compensation Latest Questions And Answers

Percentage based on PCC - ANS This method of compensation is the most common worldwide. The amount of the percentage is related to the size and the type of the project. The fee of the architect is determined by multiplying the specified percentage times the estimated, awarded or final PCC PCC - ANS Project Construction Cost Probable Project Construction Cost (PPCC) - ANS Initially estimated amount during pre-design phase. Uses unit price parameters (prevailing market construction cost per square meter floor area) Awarded Project Construction Cost (APCC) - ANS Amount based on the winning bid for the project. Final Project Construction Cost (FPCC) - ANS Based on Cost Records that will be submitted to the Architect upon the completion of the project. Cost Records - ANS Shall include all payments made to the contractor, sub-contractors, cost of OSM and other acquisition for all materials and services constituting the cost of actual total construction. Detailed Architectural and Engineering Design Services - ANS Includes the architectural design and the normal basic engineering design services. Detailed Architectural Design Services - ANS In some instances, the client may consider services of some engineering design firms. A separate contract from architectural services will be agreed upon. This type of service shall exclude all engineering fees. 60% - ANS Percentage that DADS constitute in DAEDS Unit Cost Method - ANS This method is a variation of the percentage based on PCC. The remuneration under this method is based on cost per square meter of the project. This requires accurate and timely data on the cost. Value-based Pricing / Percentage of gross rentals - ANS Based on the outcome of revenue, cost and profitability of a project. Lump Sum or Fixed Fee - ANS Method of compensation that may be used when the scope of services required can be CLEARLY AND FULLY DEFINED at the outset of the project. Time Basis - ANS Method of compensation where fees are charged on an agreed to hourly (man-hours) or daily (per diem) or per month rate. Time Basis - ANS This method of compensation is useful when the SERVICES ARE DIFFICULT TO DETERMINE IN ADVANCE or they are interim in nature and often SHORT IN DURATION Multiple of Direct Personnel Expenses - ANS Cost based method of compensation is applicable only to NON CREATIVE WORKS. Based on technical hours spent. 1.5 to 2.5 - ANS Range of the multiplier used in MDPE Professional Fee Plus Expenses - ANS Method of compensation used where there is CONTINUING RELATIONSHIP involving a series of Projects. establishes a FIXED SUM over and above the reimbursement of the architect's technical time and overhead. Salary Cost x Multiplier + R - ANS This method is based on the total basic salaries (Direct Salary Expenses) of all Professional Consulting Architects (PCAs) and their staff multiplied by a factor from 3.0, plus reimbursables. Per Diem or Hourly Basis - ANS Particularly suited to engagements involving INTERMITTENT PERSONAL SERVICE.