ABC Architects and XYZ Partners decide to collaborate on the mixed-use affordable housing project. Their response to the RFP identifies the following project team:
XYZ Partners: Architect of record
ABC Architects: Design consultant
CSME Engineers: Civil, structural, mechanical, electrical, plumbing, and fire protection engineers
The architects propose a total lump sum fee equal to 6% of the maximum construction cost. CSME Engineers' fee is 35% of the total fee. All other required design services will be provided by one of the architecture firms. ABC Architects' lump sum fee meets the RFP's minimum fee requirement for minority-owned businesses. What is XYZ Partners' fee for the project?
a) 2.5% of the maximum construction cost
b) 3% of the maximum construction cost
c) 3.5% of the maximum construction cost
d) 4% of the maximum construction cost