architect's agreement with the owner for the project; AIA B101
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prime agreement
money that a business takes in or pays out for services rendered and expenses
incurred
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cash flow
,= overhead rate + 1.0 ; represents the costs to pay for overhead and salaries; the
minimum multiple of an employee's salary that you could charge in order to not lose
any money; target 2.3 to 2.5 as a metric
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break-even rate
= total current assets / total current liabilities; measures firms ability to cover their
debts; measure of solvency; target 1.0 to 1.5 as a metric
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current ratio
= NOR / direct labor ; measures how many dollars must be earned for every dollar
spent on direct labor; must be higher than break-even rate in order to realize a profit ;
billing rate determined by (this number) x employee salary; typically 3.0
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net multiplier
form of dispute resolution in which an arbitrator or panel evaluates the arguments of
each party to the dispute, and gives their decision
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, arbitration
measured in hours or dollars; represents time spent, or the resultant cost of, work on
client's projects; has been or will be invoiced to the client
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direct labor
services the arch COULD provide if agreed upon before signing the agreement, such
as:
- programming
- value analysis
- architectural interior design
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supplemental services
request for proposal; formal document providing details about a potential project
and solicits proposals from prospective team members
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RFP
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prime agreement
money that a business takes in or pays out for services rendered and expenses
incurred
Give this one a try later!
cash flow
,= overhead rate + 1.0 ; represents the costs to pay for overhead and salaries; the
minimum multiple of an employee's salary that you could charge in order to not lose
any money; target 2.3 to 2.5 as a metric
Give this one a try later!
break-even rate
= total current assets / total current liabilities; measures firms ability to cover their
debts; measure of solvency; target 1.0 to 1.5 as a metric
Give this one a try later!
current ratio
= NOR / direct labor ; measures how many dollars must be earned for every dollar
spent on direct labor; must be higher than break-even rate in order to realize a profit ;
billing rate determined by (this number) x employee salary; typically 3.0
Give this one a try later!
net multiplier
form of dispute resolution in which an arbitrator or panel evaluates the arguments of
each party to the dispute, and gives their decision
Give this one a try later!
, arbitration
measured in hours or dollars; represents time spent, or the resultant cost of, work on
client's projects; has been or will be invoiced to the client
Give this one a try later!
direct labor
services the arch COULD provide if agreed upon before signing the agreement, such
as:
- programming
- value analysis
- architectural interior design
Give this one a try later!
supplemental services
request for proposal; formal document providing details about a potential project
and solicits proposals from prospective team members
Give this one a try later!
RFP
