Cash Flow

Three Risky Real-Life Scenarios For A/E’s To Avoid (And how you can avoid them)

Cash Flow, Risk Management

I always tell my clients, there are only 3 things in life you can count on: death, taxes, and change on a construction project.  This can literally save you hundreds of thousands (perhaps millions) of dollars and endless heartaches. Here are three recent eye-opening stories in which disputes, delays, or costly changes either were avoided, …

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5 easy ways architects can increase their profits

Cash Flow, Profit Maximization

Running an architecture firm—large or small—is full of challenges. Employee retention, new business development, and keeping current with technologies are just a few of the issues that partners and principals must manage on a daily basis. Yet as critical are they are, financial matters too frequently get bumped down on the agenda. The consequence of …

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Developing a strategy for getting paid on time

Cash Flow, Profit Maximization

Many architects and engineers don’t like to talk about money. This isn’t to say that architects aren’t good business people, it’s just that money typically is not the reason an architect or engineer is drawn to their career; it’s about design. However, your clients – owners, developers, institutions, and corporations – are used to discussing …

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