How to Get Paid on Time
Thursday, November 2, 2017
Free AIA Members / $3 Guests
BYO Lunch (brown-bag lunch)
1.5 CES LUs
SFF Host: Deborah Lane, Architect
This Small Firms Forum is dedicated to billing, from contract negotiation to receiving payment: What works and what doesn’t work. Topics include:
How do you decide what and how much to bill (your contract fee for service)?:
- Do you bill by the hour, by the job or both?
- How do you determine the amount of time a job will take? Does the time you thought you’d spend increase or decrease?
- Do you collect additional fees if the job takes more time than you anticipated?
- What kind of clauses do you have in your contract for unanticipated changes in work such as increased building permit submittal requirements etc.?
What system(s) do you use to bill?
- Are there specific times of the month or specific intervals that work best?
- How close after billing do you require payment?
Do you get paid on time?
- How soon after billing do you required payment?
- If a client doesn’t pay on time, what steps do you take.
If you have no issues with charging clients and getting paid on time, please come and let the rest of us in on your secrets! Please Note: All should be mindful that AIA is restrained by court decision, from discussing specific hourly rates or percentages.
After completing this program, attendees will…
- Learn how other architects weigh the benefits of hourly vs. fixed fee contracts.
- Learn techniques to manage additions to the work which are outside of the original scope.
- Develop a perspective on the range of billing intervals used by small firm architects.
- Learn some of the ways late or refused payments can be managed.