05Fee Proposals – Setting a Realistic Fee
When Peter Shepheard, Gabi Epstein and Peter Hunter set up the practice where I work (SEH) just after World War II, the whole process of setting fees was much simpler than it is today. The RIBA published recommended fee scales which simply had to be applied, as appropriate, to the project in hand. That approach changed with the outlawing of recommended fee scales under competition law and EU regulations. So the setting of fees is now an area that each practice has to navigate for itself and on a project by project basis.
Getting the fee right and getting paid for all the work done can only be achieved if the practice knows what its services will cost and understands the business risks of the client and ...
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