They are 3 ways that we use to estimate design costs:
No. of sheets x Cost per sheet
Sum of hours for each engineering task x Hourly rate plus drafting
Traditional percentage of construction cost
Add in additional costs for meetings, shop drawings, field observation and problem resolution.
I would think for the project described the cost would be closer to 1%. This will vary quite a bit depending upon the particular Architect or Contractor, the amount of services desired, seismic or no seismic, building construction type, complexities, building plan review process, East Coast or West Coast, etc.