What is a key characteristic of Value-based Pricing in architectural contracts?

Value-based pricing in architectural contracts is primarily characterized by the determination of fees based on the perceived value delivered to the client rather than a strict correlation with the time and resources spent on a project. This approach focuses on what the client values most, aiming to align the interests of the service provider and the client. The fees consider the benefits and advantages the project provides, allowing for pricing that reflects the significance of the work in meeting the client's needs and expectations.

By basing fees on perceived value, this pricing strategy encourages architects to deliver high-quality solutions that contribute meaningfully to client goals, ultimately fostering a stronger relationship between the service provider and client. It contrasts with methods requiring strict adherence to costs incurred, providing more flexibility and potentially better rewards for successfully meeting client expectations.