Skip to main content

Fee methods

On a commercial project involving a sprawling site for which the scope of services to be provided is not precise and cannot be immediately defined, which of the following compensation methods would be LEAST advantageous for an architecture firm?
A. Fixed fee
B. Hourly billing rates & fee multipliers
C. Cost plus fixed fee
D. Unit cost methods

AnswerA. Fixed fee is least advantageous and least profitable as the firm cannot accurately relate fee to scope. Hourly billing, cost plus fee and unit cost methods are by varying degrees more equitable for this situation.
ARE 4.0 exam prep: CDS

Comments

Post a Comment

Try These Too!

Structural forces

Choose a term that best identifies the type of force shown in this diagram - A. collinear B. concurrent C. nonconcurrent D. noncoplanar
Post a Comment
See the answer »

Roof pitch

Which one of the following slopes in this illustration corresponds with an 8:12 pitch roof? A. 45° B. 36.87° C. 33.69° D. 26.57°
Post a Comment
See the answer »

Bolted connections

What is the minimum spacing of bolts specified by AISC? and preferred spacing? A. 1 1/4 times the diameter of the bolt; 2 times preferred B. 1 3/4 times the diameter of the bolt; 2 1/4 times preferred C. 2 1/3 times the diameter of the bolt; 2 2/3 times preferred D. 2 2/3 times the diameter of the bolt; 3 times preferred E. 3 times the diameter of the bolt; 3.25 times preferred
Post a Comment
See the answer »