New framework for architecture industry includes tool to calculate cost of services, timelines

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Architecture News

HDB,Bukit Merah

The Singapore Institute of Architects has drawn up a new Value Articulation Framework to boost the industry and address issues such as brain drain and low wages. It includes a tool to calculate timelines, as well as the cost of services. This was announced at the 18th Singapore Archifest.

It is hoped that this framework will help eradicate "fee-diving", where firms quote well below market rates for tenders. The institute said firms today are doing almost double the work compared to 20 years ago, but they are now pricing their fees three to four times less. It is hoped that this framework will help eradicate "fee-diving", where firms quote well below market rates for tenders.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines