Estimated Project Fee

    • Where projects are either particular complex or unique then the agency fee is best based on an estimated resource plan and cost to deliver the project.
    • This requires the project to be well specified with detailed deliverables and outputs and project milestones and timelines.
    • Changes to the project specification requires an additional estimate for approval to cover the proposed changes.
    • Also estimated project fees can have variable components outside the estimated and approved fee such as production, which would be added as a mark up or an additional estimated resource fee.
    • Read more on Project Fees here