Error in one of the explanations

EPLANATION
First, we must find the architect’s fee for the project, since these proposed additional fees are based on a percentage of the architect’s fee.

Refer to AIA B101, section 11.2, to determine the architect’s compensation method. AIA B101 notes that the architect shall be paid 8% of the owner’s budget for the project.

Per the architect’s memo, the owner’s budget for the project is $20,000,000.

0.08 x $20,000,000 = $1,600,000

Next, find the additional service amount by adding 14% (5% + 9%) to the architect’s fee:

1.14 x $1,600,000 = $1,824,000

14% =0.14 NOT 1.14

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Hello! Which question are you referring to? We will get one of our expert architects to help with this.

@carlos11937 including the extra 1.0 is a common way to add a % to a number. Multiplying .14 simply gives you what 14% of that number is but does not add it to the number itself.

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@coachchrishopstock do you mind jumping in?

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