Good morning to all,
I have a questions regarding the architects compensation throughout the course of the design (B101). I know the architect can be compensated based on a percentage(%) for the Cost of the Work, Lump Sum or at an hourly rate. My question is if the architect sets his fee as a percentage for the Cost of the Work, how will he be payed throughout the design phases if the actual Cost of the Work will be identified and set under the Bidding Phase?
Thank you,
Oscar