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I am seeking historical or rule-of-thumb information that sureties use in evaluating design fees. Specifically what is the history of increase in design fees if an engineer/architect is replaced on a project as surely there is a learning curve, transfer of information that needs to occur. We recognize that if we are being asked to add on to an existing facility there is a premium of about 25% of the design fees associated with researching previous design data and matching existing details, etc. and it appears that replacing a designer on a project would have the same kind of impact. Any resources on this subject would also be appreciated. Thank You! |
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As most agents generally are not involved on the engineering end, especially when it somes to replacement of an engineer. Moreover, I don't even know if the surety would know the answer to this. I say this as many sureties outsourse their claims to construction management professionals to get a non-biased 3rd party. This way they can determine their exposure from the construction and legal front. so, I don't know the answer to your question.....can anyone else jump in and shed some light on this question? |
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