Approaches to Pricing Design Services: Evidence from Architectural Firms in Nigeria

Adedapo Adewunmi Oluwatayo, Oluwole Alagbe, Obioha Uwakonye
  • Case Studies in Business and Management, May 2014, Macrothink Institute, Inc.
  • DOI: 10.5296/csbm.v1i1.5498

How do architects price their services?

What is it about?

The study investigated the various approaches architects will use in pricing their design services

Why is it important?

The architects registration councils in several countries often recommend approved scale of fees for pricing architectural services. Anecdotal evidences however reveal that many architects adopt some other means to meet the needs of their clients. This study is an attempt to uncover those other pricing strategies.

Perspectives

Dr Adedapo Adewunmi Oluwatayo
Covenant University

This study reveals the preferences of architects on pricing design services and how these preferences vary with the ownership forms as well as ages of firms. It may be useful for upcoming architects to see what exists in practice, so that they can prepare their minds to use varied approaches for pricing. Which approach is most profitable however remains a question for another study

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http://dx.doi.org/10.5296/csbm.v1i1.5498

The following have contributed to this page: Dr Adedapo Adewunmi Oluwatayo