![]() ![]() ![]() I like to offer a fixed or flat fee to be paid in full at a lesser rate than another payment option so it incentivizes my client to pay upfront and then I move extra quickly to get the project wrapped up. You can base it on hours and then add a 15% or more buffer to protect you from unexpected over runs. You can always include a clause in your agreement to protect you against such unknowns.ĭetermining the best fixed or flat fee is often simpler if you’ve been in business for a few years and can anticipate what a project will require. At the time you provide your fee, you often haven’t determined if the client is going to require a lot of extra hand holding and be indecisive extending the scope and timeline of the project, or if they are decisive and everything stays on track. Perhaps the most popular of all interior design fees today, the flat or fixed fee, can also be the most complex to calculate. Knowing your market will go a long way toward making the best decision for your business. How businesses are run varies from state to state and country to country. ![]() Your responsibility is to find the right rate or combination of rates that works in your unique practice. The rates I’m going to share here will protect your bottom line and give you confidence while your client will feel comfortable paying you for your value in a clear and understandable way. They also have unprecedented access both online and offline to goods and materials that used to be the exclusive domain of the designer. In today’s marketplace, clients, more than ever before, want costs to be controlled and they want to avoid surprises. ![]()
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January 2023
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