Basis of Payment describes the method to be used to calculate the amount of money or fee owed to the Consultant. The following is a partial list of payment types in common use: Lump Sum – This method of payment stipulates that for a specific SOW, the Client will pay...
Budget is the term applied in reference to the amount of money available for payment to the Consultant. The term “cost” when used in connection with a budget usually refers to the amount of money available to pay for labor (salaries, wages, and overhead related...
Schedule definition is essential to an orderly design process. For many projects the Client’s schedule is the most important element of the contract and staying on the schedule takes precedence over almost everything else. The following are considerations regarding...
Scope of Work is the document that describes what the Consultant will prepare and deliver to the Client as its instruments of service, or documents. To the maximum extent practical, the Scope of Work (SOW) should be very detailed. The more clearly the SOW is...
Project Managers are almost always involved in developing and managing their design services contracts and then managing their projects. The two operations frequently overlap during the execution of the design. Learning these skills has traditionally been...
