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- To: seaint(--nospam--at)seaint.org
- Subject: Re: Town homes project pricing
- From: "Jordan Truesdell, PE" <seaint1(--nospam--at)truesdellengineering.com>
- Date: Thu, 29 Jun 2006 09:53:57 -0400
Usually the statue of repose is set by state law. In a recent discussion I had with my E&O rep, he indicated that increasing your overall limits to account for a larger project is normally more cost effective than adding a project-specific rider. You mileage, of course, may vary. Personally, I wouldn't trust a single disclaimer in my contract language to actually limit the time or dollar amount of my liability for a large project. I think they work some of the time, but there are legal ways to invalidate such clauses so I would never take them as bulletproof. Of course, they exist in all my contracts, nonetheless.
I, too, am interested in others responses, as I don't do many, large multi-family (town or condo) projects. Since nobody usually like to talk about fees, I'll show you mine first:
A recent commercial/multifamily combination I put in a bid on (as part of a design team, and with a trusted builder) with 3 identical 8 residence units and 2 unique single 8 residence units (2 story residential over 1 story commercial, shallow footings, steel first floor, modular 2nd & 3rd floors, low seismic and wind), I think my fee came in somewhere around $0.60/sf. I don't know what the other fees were, and as far as I know, the project died due to price concerns. I suspect that my fee was a good bit less than 2% of the construction cost, but the design was probably easier than yours, and I'm comfortable with my insurance limits.
Jordan IRV FRUCHTMAN wrote:
Sasha: Perhaps you can reduce your insurance cost by setting a time limit when a lawsuit can be brought against you, say to a year after the end of construction. I believe this is called "period of repose". Your insurance co can help you write the appropriate paragraph in your contract. Irv --- "Alexander (Sasha) Itsekson" <sasha(--nospam--at)engstruc.com> wrote:Dear list: The architectural client asked me to provide a fee proposal for townhouse project consisting of 29 units out of which four buildings are 4 unit buildings each and the rest are a single family homes with 3 to4 inches gap between them. There are total of 4 separate building designs. Below is the information I have to date: .The project budget is approx. $3.4 million .Consultants' & Architect's fees anticipated to be approx. 13% of construction or $450,000 total. .The architect anticipates approximately 7 months in design and documentation and then 20 months under construction. .The project is in California, West Sacramento county, non-expansive clays, spread footing foundation. .The rear of the 1 acre property is on a slight slope and is adjacent to the railroad tracks .These are town homes and NOT condominiums, the architect ahs a complete indemnification in their contract with the developer in case of the condo conversion. They suggested that we add the similar language in our contract with them. However, I am told that there will a home owner's association. .The developer does not have a wrap around insurance policy for the project and requires 1mln/2mln aggregate policy for all the members of the design team. I currently have 250k/500k policy and I estimated that it would cost me 3k/yr for 10 years to get a project specific rider, if I can get one. I don't know how reasonable the construction estimate is. Assuming that the estimate is on the money what would be the appropriate percentage for the structural fee? I can estimate the design fee for the 4 separate building types, but how do I estimate the fee for the rest of the buildings? Considering the additional cost of insurance does it even have any sense in pursuing this project? I order to make it worth my while the fee should be in order of 2% of the construction cost. What are other things that I have to be watching out for? Your advice is greatly appreciated. Alexander (Sasha) Itsekson, SE Enginious Structures Oakland, CA 510.601.1646 www.Enginious-Structures.com<http://www.enginious-structures.com/>
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