Summary and Critical Analysis Project Compensation and Agreements Essay

Summary and Critical Analysis Project Compensation and Agreements - Essay Example fee method of billing does not put so much into the experience of the employee which is a downside into motivating employees to have experience to work. It simply focuses on the kind of service provided before pay is issued. A fixed fee account provides a fixed fee for the services being offered and which requires an in depth knowledge of the service being provided. This is only effective for experienced designers who are aware of their services (Piotrowski 100). In a cost plus percentage markup method, the customer is the one who benefits more as they are passed all the discounts from the suppliers leading to low cost of purchase. This however works only on the residential clients whose purchases are relatively smaller. Square foot method is payment by the number of square foots meaning the more the square foots the more the pay. It is effective in commercial industries as it boosts productivity and motivates employees to work even harder. The best method from all the methods above and others is the combination method that combines several of the methods taking into account experience and market among other factors (Piotrowski 105). Any service provided in the field of design demands a contract with a list of specifications necessary to provide guidance. The contract requires several basic requirements which have to be followed if it is to be considered valid. These elements include an offer, counteroffer and acceptance where the terms of the design are discussed and the price is provided. It is concluded by mutual agreement and a letter to seal the deal and provide physical evidence of the deal (Piotrowski 112). The contract is a perfect way to not only protect the interests of the client but they protect the work of the designer as well from frauds. A statute of frauds is provided which provides guidance on the frauds that can be prosecuted. If the contract document lacks names such as that of the client and address as well as a clear description of the