Pricing
Our project fees are typically structured in one of two ways. The first is a lump-sum, fixed-fee basis. The second is a time and materials basis, sometimes with a pre-agreed upon topset amount.
Since our expertise is in interior architectural design, we don’t purchase. As a result, our fees are based solely on our time for diagnostics, designing, documenting, and administrating a project, and are not based on selling FF&E goods or the cost of the FF&E goods that we have specified.
We can recommend competent, experienced, professional purchasing agents who can purchase high quality hospitality projects better than we ever could.
Lump-Sum Fixed-Fee
These fees are billed on a monthly basis, and there are two methods of billing. Some clients prefer a percent-complete basis, in which the monthly billing amount varies. Other clients prefer a fixed monthly billing, in which the project fee is billed in equal increments throughout the duration of the project. This can be better for clients’ cash flow.
A retainer is required upon signing of a contract; the amount varies depending on project size, schedule, and our tenure with the client.
Time and Materials Fee
Hourly fees are billed on a monthly basis using the time accrued against the project by our team members. The time and materials approach is appropriate on projects when scope is undefined or changing, as well as being a preference for some clients who want greater control over time spent on the project.
Fee Structure
While no two projects are alike, we do have general fee ranges for some of our services. Our fee structure for full-service interior architectural design is typically established at an engagement level of the following:
Complete full-service hotels/resorts, new construction/renovation, from $700,000.
New prototype hotels, from $500,000.
Guestroom renovations, from $100,000.
Restaurants & Bars, from $75,000.
Casinos, branded residences, spas, golf clubhouses, and individual hotel areas’ (such as lobby, ballroom, concierge lounge etc.) fees will be determined upon receipt of a full, clear descriptive program.
Our minimum level of engagement is $50,000.
The above pricing structure is a basic guideline only and varies depending on scope, such as number of public areas, variations in room types, etc. From time to time, we do make exceptions based on location, project size or other factors. If your project doesn’t fit these fee ranges, yet you feel our expertise could be a fit, contact us to discuss.
