Fee Structure
Studio Arkell works out it’s fees chargeable in one of three ways depending upon the size and type of project:
1. Fixed or Pre-Agreed Fees
Usually, Studio Arkell calculates fixed fees on a project by project and stage by stage basis. We find this to be the most straightforward and transparent method, which also allows for easy budgeting.
After our Initial Consultation we will send you our Fixed Fee Quote, outlining exactly what we will deliver at the discussed stage for the price quoted. Along with this will be our Contract for you to sign and return in order to engage us for the quoted stage of work. On receipt of your signed contract, Studio Arkell will issue you an invoice for 50% of the total quoted fee. This invoice falls payable immediately, and once funds have been received work will commence. The remaining 50% balance becomes payable on completion of the work quoted for. This final instalment falls payable 14 days from the invoice date. Once the final payment has been received the completed work will be sent to you.
2. Fees Charged as a Percentage of the Overall Project Cost
Sometimes, if you are engaging Studio Arkell for a large, complete or the majority of a Project, then the fees could be calculated as a Percentage of the overall net cost of the project.
All projects are assessed individually and therefore vary, but as a guide the chargeable percentage rate would be between 8-15% depending on the scale and complexity of the scheme.
The fee would be charged at monthly intervals over the term of the project.
3. Fees Charged on a ‘Time Spent’ Basis
If your project is a small one or you only require Studio Arkell’s services for a part of the build process e.g., Planning Consent, or you decide to appoint Studio Arkell on a task-by-task basis, then Studio Arkell may charge the fees on a ‘time spent’ basis, e.g. hourly or daily rates.
An estimate of the amount of time likely to be spent on a smaller project can be given in advance as a guide only for budgeting purposes, and any change to this guide would be discussed as it arose so that there are no nasty shocks!
50% of the proposed fee would be payable prior to commencement of work, with the balance being payable at the end of the project.
Invoicing
Studio Arkell will always raise an invoice for fees due, whether for a staged payment or on completion of a project. The terms of settlement of any invoice raised is within 14 working days. Work will not commence until the initial invoice is settled. Completed work will not be sent to you until the final invoice is settled. Late settlement will attract interest, cause delay to subsequent work due and potentially result in legal action being sought, something nobody wants to happen, so we respectfully request that all invoices are settled promptly please.
VAT
Studio Arkell is VAT registered in the UK with Vat Number GB386920165, meaning that VAT will be charged at the current rate on all invoiced fees.
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