How much do architects cost? How are they paid?
Architectural services are almost always paid on the basis of a percentage of the cost of the building (construction plus moveable furniture and equipment). The larger the cost, the smaller the percentage. For instance, a cost of $5 million might warrant a fee of 10% whereas a cost of $8 million might have a fee of 9% or 9.5%. The fees are fully negotiable. Reimbursable expenses will be in addition to the fees. As to how they are paid, as a general rule they are paid according to a pre-determined (meaning it is in the contract) schedule – usually after certain phases of the design have been completed. We can give you more details if you wish.
