L15 Flashcards
(29 cards)
HOW MUCH DOES AN AR.TECH EARN?
23.50 $/HR 2021 IN QC
35 IN BC ( COST OF LIVING IS $$$ OUT THERE)
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HOW MUCH DOES AN AR. EARN?
45.49 $/HR 2021 IN QC
35 IN BC ( COST OF LIVING IS $$$ OUT THERE)
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HOW MUCH IS A HUMAN LIFE WORTH?
$300K IN 1982 BY OSHA
$10M 2020 VALUE
HOW MUCH IS A HUMAN LIFE WORTH NOW?
$ 3M
HOW TO DETERMINE HOW MUCH YOU WORTH
- AGE
- LOOK @ HOW MUCH YOU COULD MAKE IN YOUR LIFETIME
- ”” WHAT AGE YOU COULD RETIRE
- PRODUCTIVE YOU CAN BE IN YOUR LIFE
- HOW MUCH SALARY YOU PULL IN YOUR LIFE
- AVG INCOME
OSHA
OCCUPATIONAL
SAFETY & HEALTH ORGANIZATION
salary depends on 3 things? SKT
knowledge, skills, time
WHAT DO YOU CALL THE VALUE OF YOUR LIFE?
COST OF DEATH
WHY WOULD OSHA DO THIS?
- HAD TO ADVISE GOV’T ON LAWS
- LAW: WHAT SAFETY MEASURES ARE REQUIRED FOR PRODUCT? = PUT A WARNING LABEL, DO SOMETHING BUT IT COST SOMETHING TO PRODUCE
CAUSE OF NOT PUTTING WARNING LABELS ON PRODUCTS
MORE DEATH
- WE DON’T MIND BECAUSE PUTTING SAFETY MEASURES $$ COSTS MORE THAN A PERSON’S LIFE
WHAT MADE THE GOV.T PRIORITIZE PAYING FOR THE SAFETY LABELS?
- PREMIUM SAFETY
- DANGEROUS PROFESSIONS
= THEY COST MORE $$$$ THAN THE SAFETY LABELS
OSHA FOUND OUT THINGS ABOUT PPL CHOOSE AS A CAREER. GIVE EXAMPLES
- CONSTRUCTION WORKER
- POLICES
- ASTRONAUT
(DANGEROUS PROFESSION)
DO WE SHUT THE ECONOMY
DURING THE PANDEMIC?
YES, : It’s worth shutting down the economy during a pandemic.
TOO MUCH DEATH = ECONOMIC CRISIS
WHAT HAPPENED AFTER THE
ECONOMY WAS SHUT & REOPENED?
- THEY MADE UP EVERYTHING THEY LOST ! THE 20 TRILLION DEATH $!!!
3 METHODS OF COMPENSATION FEES
1- LUMP SUM
2- TIME BASIS
3- PERCENTAGE ( BASE FEE)
1- LUMP SUM
HOW MUCH IS YOUR SERVICES? 15K$?
2- TIME BASIS
- IF SCOPE IS NOT CLEAR (WHEN THERE’S LOTS OF UNKNOWN)
- EVERY HOUR OF WORK I WILL BILL YOU
1ST WEEK: 10K
NEXT WEEK: 40K
3- PERCENTAGE ( BASE FEE)
MOST COMMON
- Links the consultant’s fee to a percentage of the project’s
construction costs.
HOW MUCH IS AN
ARCHITECTURAL TECHNOLOGIST WORTH?
2 FACTORS “IT DEPENDS”
*WORKING FOR
YOURSELF:
- HOW LONG WILL THIS TAKE ME?
Survey existing; draw it; propose
solutions; draw it; submit for permit; help
with contractors; help with construction
- HOW MUCH AM I WORTH?
Starting fee is perhaps 25$ an hour
MULTIPLY
- Round up or down; propose fee to client.
- WORKING AT A FIRM /
FOR SOMEONE ELSE:
2 THINGS TO REMEMBER ABOUT PERCENT-BASED FEES?
1- MANDATORY
2- RESULT IN A LUMP SUM
2 percentage-based fees DEPENS ON? C.&C
1- FEES DEPEND ON THE PROJECT COMPLEXITY ( FEES GOES UP AS COMPLEXITY GOES UP)
2- FEES DEPEND ON THE PROJECT CONSTRUCTION COST ( FEES GOES DOWN AS COST GOES UP)
5 VARIABLES that AFFECT FEES
S.P.A.R.D
1- DELIVERY METHOD PPP, design-build, etc.
2- SCHEDULE Fast-track vs traditional
3- APPROVALS Special regulatory approvals beyond construction code
4- RENOVATIONS More complex than new construction
5- PHASING Take-over required prior to completion of entire project
3 EG OF COMPLEX PROJECTS
- PRISON
- MUSEUM
- WAREHOUSE
- PARLIAMENT
WHY HOURLY BILLING RATES FOR A FIRM
AAPPQ SUGGESTED 2021 RATES IS SO HIGH
YOU MAKE $55/HR = BOSS CHARGED CLIENTS 154?
B/C OF OVERHEAD X 2.8
