Hi all- not sure if there are any interior designers on this group,
but maybe the construction folks could help me out too? I am trying
to gather some information on what interior designers charge for
hourly work & how they calculate the # of hours worked. I am fresh
out of interior design grad school and am not sure if I should adjust
down my hourly rate or bill based on 3/4 of hours worked, etc. Any
advice would be helpful. Thanks!
It depends partly on what kind of education, background and
certification you have, but basically, you charge what the market will
bear minus any competitive edge you need to help getting started. I am
surprised you aren't chosing to work for someone else for at least a
year or so, until certification at least. One thing I think is
appropriate is not to charge for learning on the job. Thus, if you have
to spend a lot of time on a job researching one aspect or another, say,
contextual historic interiors in the specific particular locale of a
job, you would not charge for your time in becoming competitive with
your already up to speed competition, whether or not you already have
the work, but you would charge for preparation of your design and
alternatives and any change orders, field work, travelling around with
the client to showrooms, and etc., assiciated with the job at hand.
Usually the charge rises with the level of liability implicit in the
particular piece or stage of work. An interior architect doing only DDs
does not need to cover the same liability as CDs and this is less than
something requiring CM or CQM.
Try to look at your fees in terms of necessary overhead and hours spent
on necessary tasks and client work. Your firm will, for example, spend
x number of hours going after work, x number of dollars travelling to
everything from presentations to whatever and y number of dollars on
furniture, equipment and etc., all of which gets expensed various ways
according to the IRS and become the basis for the overhead you apply to
your base rates. You can acquire a certain amount of knowledge of what
junior and senior and various levels of experience and expertise by
perusing open source documents for competitive bids for public
projects. You can get more knowledge from associations like the AIA,
APA and etc. You can get some assistance from an accountant who
regularly prepares materials for firms that regularly bid out work.
I'd just add: keep in mind the idea of "theme". An English Pub style
isn't necessarily the best for a sushi bar <G!> Much depends upon the
expected menu, the target clientelle, and the ambiance that the
owners/operators of the eatery want to evoke.
Interior design fees are charged on Two clear basis
1. "Charge on the actual cost of the execution" This can work for most
commercial and nominal projects. However, for some clients who insist
on reuse of some old elements or wish to purchase part of the raw
materials or supply / get executed few items through their own labour
force or through their own departments >> determination of actual cost
of the job is not easy and as a result the total fees (as % of actual
costs) remains indeterminate.
2. "Charge on the actual VALUE accruing to the client-user out -
because of the project". A wonderful or innovative idea of Interior
Design scheme can make a building entity worth several times the cost
of real input involved. As an experienced professional > if you can
judge such a "post execution value of the project", you must charge
fees on this rather than stick to formula 1 as mentioned above.
3. A safer bat most of the young (fresh) designer resort to is "
Charge fees in terms of the floor area involved x cost of typical
level of interior work (for the quality/ region/ complexity, etc.)"
This is easy to determine and has minimum number of disputes.
If you wish to delve more into this subject, you are welcome to
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.