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A new client appoints you to design their offices in an upmarket business park. You are required to complete an invoice for the client with
A new client appoints you to design their offices in an upmarket business park. You are required to complete an invoice for the client with a breakdown of fees per work stage. Calculate the total fee and thereafter for each work stage. When calculating both the total fee and work stage fee, you are to calculate the VAT applicable. In your calculations you are to show the stage percentage for each stage as well. Their budget is R 14,500,000 - 00 excluding VAT and excluding all other Professional and Approval fees. Your appointment is for a full service (stage 1-6). They will sign a lump sum contract with a contractor they know well and have previously completed various projects with. Board Notice 122 of 2015 Project Cost-based Fee Guideline is as follows: For Value of Works of R 14 500 000,00 Primary Fee is R1346 249, 00 (R 14 500 000,00 - R 13 000 001,00) x 9 % Secondary Fee is R 1 499 999, 00 x 9% = R 134 999, 91 Primary Fee + Secondary Fee Professional Fee 11 R 1 346 249, 00 + R 134 999, 91 R 1 481 248, 91 (excluding VAT)
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