Construction Project Fees

FPM receives no general university funds for construction project management, design or construction contracting, or construction management. A fee is assessed on all project expenditures in order to properly allocate these costs to each university project. This fee must be included in the project budget to cover the full costs of a construction project at Iowa State University.

The construction project fee is based on the total project budget and ranges from 5.2% to 2.6% of the budget as indicated in the chart below.

Construction Project Fee Chart

The services provided by Facilities Planning and Management with this fee include:

A minimum fee of $1,000 is assessed to projects that only require University, Board Office, or Board of Regents approval or reporting and no other administration or management services.

Consulting and planning studies managed by FPM will be assessed project fees of 5.2% of the total study project budget. In no case will the assessed fee be less than the minimum of $1,000.