Question: An Architect has a design services contract with an Owner with a fee based upon the percentage of construction costs method. Related to this note

An Architect has a design services contract with an Owner with a fee based upon the percentage of construction costs method. Related to this note the following:

a. Owner's cost of buying the property, $1,000,000;

b. Contractor's cost of labor, materials and equipment, $900,000.00;

c. Contractor's overhead and profit, $100,000;

d. Architect's additional services, $100,000; and

e. Architect's fee percentage, 10%.

Based on the foregoing, what is the architect's fee?

Group of answer choices

a)$100,000

b)$200,000

$c)210,000

d)None of the above

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