PJM_Fee_Schedule Flashcards
(24 cards)
What is a key responsibility of the project manager regarding fees?
Develop and manage the architectural fee and design schedule.
What is ‘fee distribution’?
Breaking the total architectural fee down into design phases.
Typical fee distribution for a DBB project?
15% SD, 20% DD, 45% CD (incl. bidding), 20% CA.
Why might BIM projects have front-loaded fees?
BIM requires more early-phase effort and decisions for collaboration.
What are the common architectural fee structures?
Lump sum, % of construction cost, hourly rate, cost per unit.
What is a ‘stipulated lump sum’ fee?
A fixed total amount paid for architectural services regardless of time spent.
Why is ongoing fee monitoring important?
To ensure time spent matches the budget and the project remains profitable.
What is the formula to determine weekly fee allocation?
Total phase fee ÷ number of weeks in the phase.
What does a PM compare to monitor project health?
Billed fee %, remaining fee %, and estimated work left.
Why are weekly reviews critical?
They allow PMs to diagnose issues and make staffing adjustments in time.
What tool tracks staff billing and utilization?
Timesheets.
What are direct expenses?
Labor or costs logged to a specific project in timesheets.
What are indirect expenses?
Labor not logged to a specific project, like marketing or firm-wide meetings.
How can utilization rates affect staffing decisions?
They help PMs determine realistic work hours per staff and total designers needed.
If designers can’t meet target hours, what should PM do?
Add more designers or redistribute workload based on utilization.
What risks occur if staff spend more hours than projected?
Profitability is jeopardized.
What risks occur if staff spend fewer hours than projected?
Project quality or delivery timeline may suffer.
What are options if the team can’t meet the schedule?
Add staff, revise schedule, or shift hours from other phases.
Why can extending the schedule hurt the architect?
Extra staff time eats into firm profit under fixed fee contracts.
What is a sign that the schedule is in jeopardy?
Staff working fewer hours than projected or making errors from overload.
Why is internal communication vital to schedule management?
It allows PMs to adjust staff or scope before issues grow.
What happens if a staff member is underperforming due to other commitments?
The schedule is affected, not necessarily the profit.
What must a PM do to ensure deliverables are met on time and on budget?
Assign work appropriately and adjust staffing as needed.
What happens if a schedule extension is architect’s fault?
Firm profit is negatively impacted.
