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Jeff Schley

  • Karma: +0/-0
For any new projects or renovations/restorations was wondering if any GCA’s have gotten paid in unconventional ways, such as a % of future revenue or net profit if public?  If private perhaps a lifetime membership or a small ownership stake?


Curious if this has been or is presently part of negotiations? Maybe one or some GCA’s are known for these deals now or in the past?
"To give anything less than your best, is to sacrifice your gifts."
- Steve Prefontaine

archie_struthers

  • Karma: +0/-0
 8) ::)


Pretty hard to take a future earnings deal given the vagaries of accounting. I would guess not many GCA's with a good vitae would ever want to be paid this way. Might get a newbie or amateur architect but then?

Duncan Cheslett

  • Karma: +0/-0
All kinds of professional services are provided “free of charge” to golf clubs in exchange for some kind of informal deal on membership.


I would be amazed if this didn’t include golf course architects.

Marty Bonnar

  • Karma: +0/-0
All kinds of professional services are provided “free of charge” to golf clubs in exchange for some kind of informal deal on membership.


I would be amazed if this didn’t include golf course architects.


Yup!
I got a free year’s membership at a club I had done some work for.  :)
On the other hand, I’m still awaiting payment (ten years later) from a certain MacKenzie course... >:(
F.

The White River runs dark through the heart of the Town,
Washed the people coal-black from the hole in the ground.

Tom_Doak

  • Karma: +2/-1
In general, I'm a big believer in putting one's money where one's mouth is.  I have done several "unconventional" deals in an effort to be fairly compensated.  Some have worked out great, some not so well.


Being willing to do a deal like this is also a good way to call a client's bluff on not being able to pay you, BUT you should only do business with people whose interests are aligned with your own.



When far apart on contract terms with a potential client, I've sometimes suggested a bonus based on achieving their goals.  I've done remarkably well on those.  :D



Actually taking an ownership stake in a project is by far the most risky option, and has not worked out well for me previously.  For one thing, you're most likely to be offered this if the project is iffy to begin with . . . Mike Keiser did not offer it for Pacific Dunes, sadly.  I know several architects who have taken an "equity stake" in a project, only to find they have no way to cash out when their partners start running the place into the ground.  And even if the project is successful, you're a minority owner, so you really have no control over how the place is operated or how and when profits are paid out.


[And yet, I've taken an ownership stake in our new project in Ireland . . . go figure!]






For CommonGround, which is owned by a nonprofit, I deferred my entire fee to be paid long-term as royalties, which are tied to the green fee and the number of rounds played.  I would do that again in a heartbeat for a similar public course project.  I feel like a true partner in their mission, and the royalty is like a pension for me; they will be paying me [or my family] until I'm eighty.


Thomas Dai

  • Karma: +0/-0
There is a very large coffee table type book by Robert Trent Jones full of nice pictures but also with quite a bit of text that mentions quite a few 'interesting' deals. Can't remember the title of the book at the moment though.
atb

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