Is the Preparation of the Program for the Project Generally

question 60

Essay

Is the preparation of the program for the project generally included as part of the architect's "basic" services, or is the architect compensated additionally if asked to assist in the preparation of the program?

---

Definitions:

Net Present Value

The divergence in the current worth of cash entering and leaving an entity throughout a specified timeframe.

Forecasting Risk

The risk of inaccuracies in predicting future outcomes, often impacting financial planning and decision-making in businesses.

Cash Flow Projections

Forecasts of a company's cash inflows and outflows over a specific period, aiding in financial planning and liquidity management.

Net Present Value

The calculation of the current value of a series of future cash flows by applying a discount rate, used to assess the profitability of an investment.