Project Milestone Billing

Below are the project sizes, milestones and when the rates are charged:

Projects under $1 million 

Have a rate of 5% of total project budget 

• 50% of rate taken when project is 100% design complete
• 50% of rate taken when project is 75% construction complete

Projects $1-5 million 

Have a rate of 3.75% of total project budget 

• 50% of rate taken when project is 100% design complete
• 50% of rate taken when project is 75% construction complete

Projects $5-100 million 

Have a rate of 3.75% of total project budget 

• 15% of rate taken when project is 50% design complete
• 25% of rate taken when project is 100% design complete 
• 25% of rate taken when project is 25% construction complete
• 25% of rate taken when project is 75% construction complete
• 10% of rate taken when project is 97% construction complete

Projects over $100 million

Have a rate of 3.25% of total project budget 

• 15% of rate taken when project is 50% design complete
• 25% of rate taken when project is 100% design complete 
• 25% of rate taken when project is 25% construction complete
• 25% of rate taken when project is 75% construction complete
• 10% of rate taken when project is 97% construction complete