The Royal Institute of British Architects has been working closely with RIBA Chartered Practices to develop an online tool to help architects calculate and generate a resource-based fee calculation for their clients and projects.
The new RIBA Fee Calculator is due to launch Spring 2021. Users enter their practice details, including company overheads and staff salaries, then have the ability to create fee calculations aligned to the stages of the RIBA Plan of Work.
For architects, the RIBA Fee Calculator will outline the real business costs of delivering services to clients, and applying appropriate project mark-ups and profit, based on the business and commercial requirements of your practice.
Once a fee calculation is approved by your client, the data from the Fee Calculator can be exported into RIBA Contracts Digital, saving you time and effort when creating and customising your professional services contract.