Sunday, September 7, 2008

COA - SCHEDULE OF PAYMENT

WHAT IS THE SCHEDULE OF PAYMENT TO AN ARCHITECT IN INDIA AS PER THE COUNCIL OF ARCHITECTURE?
The Architect shall be paid Professional fees in the following Stages, consistent with the work done:
CLIENTS BRIEF – STAGE 1: On appointment and signing of Agreement –
Rs 20,000/- or 5% of total fees payable, adjustable at the last stage, based on the Rough estimate of cost.
CONCEPT DESIGN –STAGE 2: On submitting Conceptual designs and Rough estimate –
10% of total fees payable, based on the Rough estimate of Cost.

PRELIMINARY DESIGN & DRAWING – STAGE 3: On submitting the required Preliminary Scheme for the Client’s approval along with the Preliminary Estimate of cost –
20% of total fees payable, less payment already made, based on Preliminary estimate of cost

DRAWINGS FOR CLIENTS / STATUTORY APPROVALS – STAGE 4: On incorporating Clients suggestions and submitting drawings for approval from the Client/Statutory Bodies –
35% of total fees payable, less payment already made, based on Preliminary estimate of cost.

WORKING DRAWINGS AND TENDER DOCUMENTS – STAGE 5: On preparation of working drawings, specifications, schedule of quantities, estimate, and tender documents –
45% of total fees payable, less payment already made, based on Preliminary estimate of cost.

APPOINTMENT OF CONTRACTORS – STAGE 6: On inviting, receiving and analyzing tenders and advising the Client on appointment of Contractors -
55% of the total fees payable, less payment already made, based on accepted Tender cost.

CONSTRUCTION - STAGE 7: On submitting Working Drawings and details required for commencement of Work at site
65% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 20% of work at site:
70% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 40% of work at site:
75% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 60% of work at site:
80% of total fees payable, less payment already made, based on accepted Tender cost.

On completion of 80% of work at site:
85% of total fees payable, less payment already made, based on accepted Tender cost.

On Virtual Completion of work at site:
90% of total fees payable, less payment already made, based on accepted Tender cost.

COMPLETION – STAGE 8: - On submitting Completion Report and drawings for the project required in obtaining Completion / Occupation Certificate from Statutory Authorities and on issue of as-built drawings
100% of total fees payable, less Retainer & payment already made, based on Actual total cost.

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