maybe I misunderstood what they are telling me, but I was given the following explanation:
Quote:
From: Bill McHugh <Bill@T1Build.com>
To: CapCity12thMan
Cc: 'Kelsey McHugh' <Kelsey@t1build.com>
Sent: Wednesday, May 10, 2017 7:56 AM
Subject: RE: Tier1 Group- Pre-Construction Design Agreement
We will use the plans to cost materials and provide an investment range for you. The plan will also be submitted to the HOA for approval.
Regards
Bill
From: CapCity12thMan
Sent: Tuesday, May 9, 2017 5:09 PM
To: Kelsey McHugh <Kelsey@t1build.com>
Cc: 'Bill McHugh' <Bill@T1Build.com>
Subject: Re: Tier1 Group- Pre-Construction Design Agreement
ok, essentially $1500 for all design work, and with that is when I know how much the total project costs...correct?
From: Kelsey McHugh <Kelsey@t1build.com>
To: CapCity12thMan
Cc: 'Bill McHugh' <Bill@T1Build.com>
Sent: Tuesday, May 9, 2017 4:58 PM
Subject: RE: Tier1 Group- Pre-Construction Design Agreement
Nathan,
The retainer is part of the total fee for phase 1 of design. So, the retainer due upon acceptance is $1,000. Upon completion of Phase 1 deliverables, the remaining balance of $520.00 will be due. Hope this answers your question.
Regards,
Kelsey
Here is what the contract I was given states about Phase 1 deliverables:
Quote:
PHASE I - DELIVERABLES Site Assessment /As-Built Drawings /Photographic Survey Code Review Analysis /Completed Design Survey Forms Conceptual Floor Plans (limited to 2 distinct schemes, additional time can be purchased) Conceptual Elevations / 3D modeling of proposed design (non-photorealistic) Outline of basic material Finishes, Fixtures, and Equipment (FF&E) descriptions Initial Project Investment Range and a probable Project Delivery Schedule Design Fee for Phase II services (as a proposed amendment to this agreement)
Note that one deliverable of this is the 'Initial Project Investment Range'
Quote:
The basis for compensation of Phase I only, shall be a lump sum fee not to exceed $1,520.00 for the delivery of the services outlined in that section. A non-refundable retainer fee of $1,000.00 will be required to begin any design services.
...so I have to pay $1500 just to get an initial design and a price RANGE...