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Design Build Firm Fees

  • 1.  Design Build Firm Fees

    Posted Jun 17, 2019 10:00 AM
    We've been using the same design/build Firm for quite some time to renovate and build new branches.  More recently some internal discussion has occurred regarding the "fee" paid to this firm and whether its within the range for similar firms.  We're not unhappy with the firm and value the trusted relationship with them.  Basically they handle all aspects at cost plus - 18%.  Typically any IT related equipment (pc's, phones, servers etc and ATM/ITMs) the Credit Union manages the purchase/installation so those fall outside the fee.
    We're curious to see what other Credit Unions may be experience maybe with build/design firms and their fees.
    Thank you in advance for any insight on this.  Cindy

    Cindy Walker CCUE
    VP/Special Projects
    Tampa Bay FCU
    Tampa FL

  • 2.  RE: Design Build Firm Fees

    Posted Aug 07, 2019 05:42 PM
    That's is about normal. I used to be the CFO of a large design/build sign company (think entire stadiums worth) and our standard markup was cost+20%.

    James Collins
    O Bee Credit Union
    Tumwater WA