This is a generic form whereby an architect and a client enter into an agreement to consult with each other with regard to the preparation of plans and specifications for the construction of a certain project.
Retainer For Consulting
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How to fill out Agreement Or Contract Retaining Architect For Consulting Purposes?
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FAQ
Generally, a consultant calculates a retainer fee by multiplying their hourly rate by the number of hours they predict a project will take them.
Retainer letters or agreements should include reference to the following: identity of the lawyer and the client; scope of service (is your work to be limited in any way?); obligations of client; delegation of work; expected chronology; fee arrangement; billing format; rate changes;
Retainer fees are often based on the rates you would charge under other payment models. For instance, if you charge $100 per hour for your services and typically work 40 hours per week for clients, you would likely look to charge a $4,000 monthly retainer.
The retainer proposal will typically include details such as the scope of work, deliverables, timeline, fees and payment schedule. It should also outline any additional expenses or costs that may be incurred during the course of the engagement.
A monthly retainer fee is paid in advance by your clients to ensure that your services will be available to them for the period covered. Clients on a monthly retainer usually pay a recurring fee, and they usually work on long-term projects with different agencies, who are available at their beck and call.