Which architectural pricing strategy, popularized in the mid-20th century, calculates fees as a percentage of construction costs and was standardized by the AIA fee schedules?

The business side of architecture has evolved significantly over the centuries, with various fee structures and pricing strategies emerging to balance professional compensation with project value. One particular pricing method revolutionized architectural services in the 20th century, creating a standardized approach that many firms still use as a baseline today. Test your knowledge about this influential pricing innovation that helped shape modern architectural business practices.

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Percentage-Based Fee Method
Time and Materials Pricing
Value-Based Design Pricing
Square Footage Calculation Method