Edwards Architects
Bloomington-Normal Association of Realtors
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Terms of Service
Projects are invoiced according to the contract and all invoices are due upon receipt. Finance charges of 1% per month may be applied to any balance that remains after thirty days. A retainer/deposit may be required for any project.
TYPES OF CONTRACTS
  COST-PLUS
    Typically for smaller commercial projects, residential work, and projects where the scope of work may not be rigidly defined.
    Client is charged by the man-hour at hourly billing rates (see fee schedule) and consultants and additional fees are charged accordingly. Project is invoiced monthly.
  CONTRACT - PERCENTAGE BASIS
    Typically for larger commercial projects, and high-end custom homes where architect is involved from the start through the construction.
    Client is charged a percentage amount of the hard costs of the project. Change-orders and project addendums are charged at same rate. Project is invoiced accordingly with each pay request/verification.
  CONTRACT - FLAT FEE
    Typically for smaller commercial projects, and piece work (i.e. drafting, as-built drawings, plan review, etc.)
    Client is charged a negotiated flat fee for very specific services. Any additional services will only be performed at an additional charge with the owner’s consent.
    Project is invoiced when project is complete, monthly or according to a predetermined invoice schedule.
  DESIGN/BUILD
    Architect teams with a contractor or acts as the project manager and assembles a group of subcontractors to complete the project.
    Client is invoiced as part of the overall construction contract.
                 
 
   
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