How to charge Design fees Fees Writing Letters

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How to charge Design fees Fees Writing Letters Estimating Fee Invoicing Ajay Vaibhav Home

How to charge Design fees Fees Writing Letters Estimating Fee Invoicing Ajay Vaibhav Home Letter

What is Fees • Selling your – Talents – Training – Experience • In

What is Fees • Selling your – Talents – Training – Experience • In the form of time in – Thinking – Meeting – Drawing – Traveling – Research Home Letter

Design Fees • No design fees ever be quoted until after briefing meeting and

Design Fees • No design fees ever be quoted until after briefing meeting and then always in writing. Golden rule • Never quote fees off the cuff however hard you may be pressed to do so. Home Letter

Writing Letters about Fees • Side of contract • Imp. If work is abandoned

Writing Letters about Fees • Side of contract • Imp. If work is abandoned before it finishes • Virtually a Legal document • Well constructed, Impressive to demonstrate • Clear • Logical • Problem understanding Home Letter

Writing Letters about Fees • • • Introduction Summary of the brief Services provided

Writing Letters about Fees • • • Introduction Summary of the brief Services provided Fees Special Clauses Additional fees Home Letter

Services provided • Stage One » Discussion with Specialists » Agreed number of visits

Services provided • Stage One » Discussion with Specialists » Agreed number of visits » Primary design proposals • Stage two » Developments work; checking prototypes and samples • Stage three » Finished working drawing » Adaptation for size and range » Advising during production & first batch Home Letter

Fees • Stage One Rs. • Stage four Rs. • Stage three Rs. •

Fees • Stage One Rs. • Stage four Rs. • Stage three Rs. • … • Fee installment • Expenses chargeable • … Home Letter

Special Clauses • • • Ownership and conveyance of copyright Breaking clauses and fee

Special Clauses • • • Ownership and conveyance of copyright Breaking clauses and fee payable for abandoned work Permitted modifications Free specimen and design credits … Home Letter

Additional fees • • For extra visits For changes to brief For Traveling time

Additional fees • • For extra visits For changes to brief For Traveling time … Home Letter

Estimating Fee • The Secret of all successful estimation is to know the selling

Estimating Fee • The Secret of all successful estimation is to know the selling cost of an hour of your own time. • Chances of greatly underestimating your work on a job • Try to counteract right from start by adding 25%, 50%, 75% or even 100% in job hours Home Letter

Estimating Fee – (e. g. Typography assignment) • • • E. g. Your rate

Estimating Fee – (e. g. Typography assignment) • • • E. g. Your rate is rs. 100 per hour Drawing board : 4 hrs. Add Half of it: 4+2= 6 Wrapping and mounting +0. 5: 6. 05 Telephoning, letter writing (taking appointments) +0. 75: 6. 8 Get to your client’s office +0. 25: 7. 05 Meeting with client +0. 5: 7. 55 Back + 0. 25: 7. 8. . Say 8. 0 8 * 100 = 800 is the fee to be charged. Home Letter

Charging fees • • • Lump sum or fixed Hourly- rate Percentage Royalties Consulting

Charging fees • • • Lump sum or fixed Hourly- rate Percentage Royalties Consulting and retaining fees Home Letter

Lump sum or fixed • Clear brief • Preparing and submitting preliminary Design Proposals

Lump sum or fixed • Clear brief • Preparing and submitting preliminary Design Proposals » Product » Graphic » Engineering » Furniture » Textile » Fashion Home Letter

Hourly- rate • Design is a completely unknown quantity • After First stage •

Hourly- rate • Design is a completely unknown quantity • After First stage • Easily Can be called a halt » » » Checking prototypes House style or corporate identity program Range and color Supervising production … Home Letter

Percentage • Are usually on a sliding scale - as production costs increase, the

Percentage • Are usually on a sliding scale - as production costs increase, the percentage fees come down » » Interior design Exhibitions Shop fittings Home Letter

Royalties • Things to be sold to general public • Large quantities » »

Royalties • Things to be sold to general public • Large quantities » » Furniture Fashion Textile Domestic equipments. Home Letter

Consulting and retaining fees • Fairly well – established designer • Growing reputation »

Consulting and retaining fees • Fairly well – established designer • Growing reputation » Consultancy services only » Separate fee for Design, Drawing board work … • Mutual agreement for one or more years • Retain exclusive service for particular design • Not to work for any other client, until termination Home Letter

Invoicing • Professional people always “render” their invoice……. . • When to invoice –

Invoicing • Professional people always “render” their invoice……. . • When to invoice – Is your design approved and had final clearance at the stage » Every month, when? » Can you afford to wait ? Home Letter

Invoicing • Work cost is • Total Fees@15% 1, 000 15000 • For stage

Invoicing • Work cost is • Total Fees@15% 1, 000 15000 • For stage one 1/5 of the fees Rs. 3000 • For stage Two 1/3 of the fees Rs. 5000 Total 8000 • For stage three • For stage Four 1/3 of the fees Balance Rs. 5000 Total 13, 000 Rs. 2000 (final balance) Home Letter

Thank you Home Letter

Thank you Home Letter

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