Replies

1. 
   Marc | Mar 16, 2006 04:38am | #1

   Retainer?

2. 
   jonblakemore | Mar 16, 2006 04:46am | #2

   I agree with Marc, it's a retainer for the services of a construction manager.

    

   Jon Blakemore

   RappahannockINC.com Fredericksburg, VA

3. 
   JDRHI | Mar 16, 2006 04:55am | #3

   It's your fee.....call it whatever the hell ya want!

   The fancier the term, the mo' impotent folks will think ya is.

   I agree with others though....retainer works.

   J. D. Reynolds

   Home Improvements

   
   

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   Edited 3/15/2006 9:56 pm ET by JDRHI

1. 
   davidmeiland | Mar 16, 2006 05:00am | #5

   Why'd the southern gent wear a tux to his vasectomy? 'If I'm going to be impotent I'm going to look impotent'.

1. 
   JDRHI | Mar 16, 2006 05:04am | #6

   ba-dum-bum!

   J. D. Reynolds

   Home Improvements

4. 
   davidmeiland | Mar 16, 2006 04:59am | #4

   A retainer isn't what I'd call it, because lawyers typically take retainers and then charge hourly fees and expenses against them. If you're looking for a term to use with your clients, I wouldn't use that one because it may get them expecting the wrong thing. I'd call it something like a Project Fee, Management Fee, Construction Administration Fee, something along those lines. If the wording in your written agreement with them is clear then they will understand that it's not an advance on hourly costs.

1. 
   Robrehm | Mar 16, 2006 07:03am | #7

   That is why I don't call it a retainer.  Especially since the upcoming project is for a lawyer. Tear down a single story 100 year old or so shell surrounded by 3 story building on three sides. Put back a 2 story. This is in down town Columbus Ohio right next to the city center (used to be mall jusst a big box with lots of empty space). I do like project fee. Any other ideas will still be considered.

    

   Thanks

   Rob

1. 
   BobKovacs | Mar 16, 2006 01:22pm | #9

   Plain and simple, it's called your "fee"- that's what we call it every day.   If you want to get fancy, you can call it a "pre-construction services fee" if it's for precon work, or you can call it "construction management fee", we generally just call it "fee".

   Bob

5. 
   Piffin | Mar 16, 2006 08:56am | #8

   I used to have a couple customers that I charged an "Annual non-refundable Retainer Fee" of $3000 for pretty much what you describe. Close access to me.

    

    

   Welcome to the
   Taunton University of Knowledge FHB Campus at Breaktime.
    where ...
   Excellence is its own reward!

6. 
   jayzog | Mar 16, 2006 01:58pm | #10

   Vig?

7. 
   Luka | Mar 16, 2006 03:53pm | #11

   Construction Management Eventuation fee.

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   I've got you outnumbered, one to one. Come out and meet your doom. ~Yosemite Sam

1. 
   JDRHI | Mar 16, 2006 04:08pm | #12

   Construction Management Eventuation fee.

   Acronyms baby....acronyms

   CME Fee.....he's not sure what is to begin with....why should the customer have any idea?

   ; )

   J. D. Reynolds

   Home Improvements

1. 
   Robrehm | Mar 16, 2006 04:23pm | #13

   Most of the individuals I'm convincing to part with money don't like to be confused. I'm not saying they aren't and won't stay that way, they just don't like me adding to the mix in such an obvious way.

2. 
   Luka | Mar 16, 2006 05:24pm | #16

   My thoughts exactly.That's why I capitalized C, M, and E...
   I've got you outnumbered, one to one. Come out and meet your doom. ~Yosemite Sam

3. 
   SamT | Mar 16, 2006 06:20pm | #19

   Construction Management Advisement Fee

   Acronyms baby....acronyms

    SamT

1. 
   pickings | Mar 16, 2006 11:11pm | #20

   ME Fee.

   (Management Expertise)

2. 
   Robrehm | Mar 16, 2006 04:24pm | #14

   Eventuation??????? School me

1. 
   blue_eyed_devil | Mar 16, 2006 04:52pm | #15

   Commemcement fee? 

2. 
   Luka | Mar 16, 2006 05:26pm | #17

   Start. Beginning.
   I've got you outnumbered, one to one. Come out and meet your doom. ~Yosemite Sam

3. 
   Luka | Mar 16, 2006 05:27pm | #18

   Actually, to be more technical... To cause to start.
   I've got you outnumbered, one to one. Come out and meet your doom. ~Yosemite Sam