6. Draw down a payment schedule

Again, an important step! Start by explaining your payment category. For example, lump sum payment, charging on services, percentage fees. Once, you have mentioned the mode of payment, elaborate on how and when would you raise bills. Next is to specify the amount. Be clear in this, because here is where you get paid for your services and you don’t want to mess this up! Here’s a quick link you can refer to on how to charge your fees as an interior designer.

A quick math about material wastage is never a waste. As a designer we may tend to skip on the site happenings. So, the next step is to take into account the material wastage and disposal on site. Provide guidelines and responsibilities for site supervisors to handle material delivery. Another important aspect is the site storage and maintenance. Make provisions for site checking of material wear and tear.

Just like you have mentioned your additional services, write down the tasks that do not fall into your professional purview. Keep a note of your limitations and exclusions to wade away any confusion on your role. Also, do write about any product warranties that are proposed in design to assure your service qualities. However, try not to make this very noticeable. A trick here to avoid having much focus on this aspect is to mention all of this in small print. Also, do not be descriptive here. Use as few words as possible and include it towards the end of your BOQ. If you highlight or elaborate on it, it may signal a client of less confidence in you.

It is essential to add a certain additional amount to your estimated total cost. It is a contingency fund to deal with market price fluctuations and uncertainties. A certain percentage of the project fees can be your contingency charges. Do a quick math or survey on the contingency rates before adding them to the total cost.Write down about labour insurance and any other additional risks attached to the project execution. It helps to keep client denials at bay.

And Risks