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A Cash Flow Guide for Architects

Levelset

Running an architectural firm is a bit different than other companies in the construction industry. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics. Cash flow projections.

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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Are architectural and design firms held to the low-bid method? Low Bidding Impacts Contractor Cash Flow. That disrupts your project’s, and your organization’s, cash flow. Cash flow shortages impact performance. Learn more: 12 tips to manage cash flow on construction projects.

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5 Ways Construction Businesses Can Cut Costs & Improve Cash Flow in 2022

Construction Business Owner

Join us for a free webinar to learn how you can boost your bottom line by cutting costs, managing your expenses and improving your cash flow. Hadlock has worked in finance for the past decade and has a background in helping businesses set up spend management architecture. . . DivvyPay Inc. control costs. Social Image.

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Modular Will Be Worth It

Pro Builder

As Daniel Gehman, principal at architecture firm Danielian Associates wrote in a recent blog post: I offer a fundamental encouragement to anyone considering a modular project: conceive of it as modular or prefabricated from the very word “go.”. Forget what you know about stick-built projects and start over with a clean slate. .

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Webinar of the Week: 5 Ways Construction Businesses Can Cut Costs & Improve Cash Flow in 2022

Construction Business Owner

Join us for a free webinar to learn how you can boost your bottom line by cutting costs, managing your expenses and improving your cash flow. Hadlock has worked in finance for the past decade and has a background in helping businesses set up spend management architecture. . . DivvyPay Inc. control costs. Social Image.

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PSMJ Resources Blog: Business Conditions at Architecture Firms.

PSMJ Resources

Business Conditions at Architecture Firms Soften in April. The American Institute Architects’ Architecture Billings Index fell in April, the first time in six months. The architecture and engineering sector as a whole added 7,000 jobs last month, while the construction sector remained essentially flat. Scarlett Consulting.

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KPIs for Architects: 3 Performance Indicators to Watch

Levelset

Architectural business consultant Lucas Gray of Charette Venture Group recommends three KPIs to help firms measure their profitability: break-even point, utilization rate, and billable ratio. . Related: An architecture firm’s guide to cash flow. This is the minimum the firm needs to charge to cover its expenses.