Upon completion of the Contract Document Phase, how much of the Professional Fee is due?

Upon completion of the Contract Document Phase, 50% of the Professional Fee is typically due. This phase is crucial as it involves finalizing detailed drawings and specifications necessary for the construction process. The payment schedule is often structured to ensure that the architect or professional receives compensation commensurate with the progress of the project.

By the end of this phase, significant work has been completed, including design refinement and documentation, which justifies the 50% payment. This structured fee allocation helps manage the cash flow for both the professional and the client, aligning the payment with the work completed and the level of commitment to the project. It also establishes a clear expectation for both parties regarding the financial aspects as the project moves into the construction phase.