Architects' fee levels tipped for recovery
Construction growth could spark rise in fees
Architects’ fees are expected to increase in the coming year despite having fallen slightly in the last 12 months, according to research by the Fees Bureau.
The organisation has published its latest annual fees survey which shows a slight reduction in fee levels since 2012. However, overall fees are still higher than in 2010 and 2011, while sectors including offices and education have seen an increase.
Vince Nacey, director at the Fees Bureau, said increased construction activity in the last six months could lead to an increase in fee levels in the coming months.
“I think it’s a positive story,” he said. “In terms of construction activity, all our research is pointing in the right direction. Fees have been under pressure for quite a while. I’m hopeful that pressure will start to lift over the next 12 months. We’re seeing architects get more confident and think about increasing their fees.
“The first half of the year was pretty grim and the second half has been better. We’re still not out of the woods yet but lots of our research is pointing in the right direction.”
The report’s optimistic outlook chimes with the most recent RIBA Future Trends survey which showed the first annual increase in architects’ workloads in four years. Practices reported an 11% increased in work in progress in the 12 months to October this year,
The report also found that architects’ average hourly rates have increased in certain staffing categories including sole principals and senior architects with more than five years’ experience. Rates for junior architects remained the same.