§ 1-14 Fee Schedules.
RCNY § 1-14
Allowable architectural and legal fees and contractor's overhead and profit shall not exceed the fee schedules below: (a) Architectural fees. Five and a half percent of construction cost up to $400,000; above that, four and a half percent but not less than $22,000. The fee, which includes mechanical engineers fees will be paid directly to the architect in three parts. Upon closing the municipal loan with plans and specifications approved by the Department of Buildings and this Agency, the architect will receive sixty percent of his fee, an additional twenty percent at closing of the walls and the final twenty percent at completion thereof and upon receipt of a statement of compliance accompanied by a Certificate of Occupancy.
(1)Any work beyond the scope of the contract requirements requested by the Department of Housing Preservation and Development in writing, shall be paid to the architect at the rate of two and a half times the reasonable salaries of technicians engaged in such changes.
(2)When the basic plans are repeated for identical buildings (within twenty percent of design is reused) then such fee shall be reduced by thirty-three and a third percent of original design fee.
(3)Architect shall supply all required services, plans, specifications and filing with the Department of Buildings.
(4)If buildings are contiguous, and only one set of mechanical drawings is used for all buildings, then the fee for each duplicate building shall be 50 percent of the original building construction cost.
(b)Contractor's overhead and profit. Construction Cost Fee as Percent of Construction Cost Construction Cost Fee as Percent of Construction Cost Less than $100,000 10.0 100,000 9.7 200,000 9.4 300,000 9.1 400,000 8.8 500,000 8.5 600,000 8.2 700,000 7.9 800,000 7.6 900,000 7.3 1,000,000 7.0 1,500,000 5.5 2,000,000 4.0 The amount allowed shall not be less than that for the preceding construction cost.
(c)Legal fees. One percent of construction cost up to $50,000, plus three tenths of one percent on amounts in excess of $50,000. The legal fee shall be paid in two parts as follows: Seventy-five percent on closing and twenty-five percent at final payment.
