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Video: Fee management
In the recession, making sure that you charge sensibly and invoice regularly is even more important than usual. This programme looks at the issue of 'Fee Management': how to make sure that you charge the right amount of money for the value of the work that you do. It also explains how to set up, operate and maintain sensible procedures to ensure that your business cash-flow stays healthy.
The programme tackles some awkward issues such as whether it is advisable to check out a client's credentials when preparing a fee bid, and how architects might tread the line between underselling themselves and pricing themselves out of work. It places these issues in the context of real fee values to date, and provides an in-depth explanation of how the RIBA Fees Calculator works.
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As of November 2008,