Financial Services Board Act, 1990
R 385
Architectural Profession Act, 2000 (Act No. 44 of 2000)Board NoticesGuideline Professional Fees issued in terms of Section 34(2)Framework for guidelines for professional fees in respect of architectural services rendered by the registered architectural professionals published in terms section 34 (2) of the Act14. Basis of fees agreement |
| (a) | The client agrees to pay the architectural professional the fees for the services as recorded in the formal agreement entered into by the parties; |
| (b) | Where a project cost-based fee is applied, the final fee is calculated on the final cost of the works. The initial fee is based on a budget for the works for fee calculation purposes, and shall be adjusted on the final cost of the works. |
| (c) | Where a project time-based fee is applied, the fee is based on estimate of the skills, hours, and resources necessary to complete the works. Accurate costing to be kept and reported on. |
