There are two components to a fixed price contract:
- Estimated hours, and
- Average hourly rate
WorkflowMax allows Architects to track the performance of each project at both levels without the need for spreadsheets. It provides facts (not perceptions) about the resources (time) a project (or stage) consumes in both time and dollar terms.
It provides management the opportunity to review the performance of projects and consider options for improving performance. For example – over budget because wrong skill set was used or underestimated time.
See how Georgina Wilson Architects, a Sydney based architecture practice use WorkflowMax to create a lean and efficient administration system: