The Art of Estimating Fees: Unlocking Profitable Projects for Your Architecture Firm

Earn 1 AIA LU.

Ready to master the art of estimating fees and gain profound insights into their impact on your bottom line? Join Douglas Teiger, FAIA, on a journey that begins at the very inception of a project—when that initial request for a proposal lands on your desk or in your inbox. In this comprehensive course, you will not only learn to define project scope, but also develop a Rough Order of Magnitude (ROM) for construction costs and estimate project hours. We’ll culminate by dissecting how fees are structured and introduce a simplified system to enhance your overall project profitability.

Join Douglas for this illuminating session that will empower you to unlock profitable projects and gain mastery in fee estimation. By the end of this session, you’ll possess the knowledge and tools to make informed financial decisions, ensuring the prosperity of your architecture firm.

Learning Objectives

• Identify the correlation between project scope, estimated project cost, and fee
• Develop a Rough Order of Magnitude (ROM) for construction costs in a simple way
• Create a top-down approach to fee estimation based on percentage of costs as a guideline
• Estimate fees, whether they are for hourly or fixed-fee projects
• Define the allocation of hours for each project phase and develop strategies to effectively manage them

• 

  Douglas Teiger, FAIA

  Founder

  Teiger Consulting

  Douglas Teiger, FAIA

  

  Douglas Teiger, FAIA, graduated from Cornell University, in 1982 with a BARCH. He opened his own firm in 1989 and grew from a solo practitioner to become managing partner of his 32- person firm. In 2009, Douglas received a Master’s in Spiritual Psychology from USM, where he learned tools and skills he is sharing with his staff and clients. His ability to effectively streamline the operations allowed for more time to be spent on design and project research while creating a culture that fosters a holistic approach to a work life balance. In 2017 he became president of the AIA Los Angeles Chapter and is currently serving on the AIA National Strategic Council. In 2019 Douglas transitioned out of his firm elevating three associates to partners, sold his shares and started his next venture, Teiger Consulting. Douglas’s mission is to “live an inspiring balanced life” whether it involves family, coaching, consulting, painting, or sports.