An Architects Guide to Project Budgeting

An Architects Guide to Project Budgeting

Project budgeting for architects can sometimes seem like an impossible task. In our latest guide, we explain how to successfully tackle this critically important process.

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An Architects Guide to Managing Scope Creep  

An Architects Guide to Managing Scope Creep  

Scope creep is something that project managers in architectural firms have to be alert to whenever they are managing an architectural project. If scope creep is allowed to go unaddressed, it can ultimately jeopardise the profitability and viability of the entire business.

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Improve Project Profitability - An Architects Guide

Improve Project Profitability - An Architects Guide

Inflation and the Covid-19 pandemic have inevitably impacted the profitability of architecture practices. According to the annual RIBA state of the industry, Business Benchmarking Summary, overall practice revenue was down by 15% in 2021 compared to the 2020 report. Unsurprisingly, there was nearly a third in reduction of revenue from …

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Pricing Methods for Architects - How to Price Architecture Services

Pricing Methods for Architects  How to Price Architecture Services

There are various pricing methods for architects, and while there are few guarantees regarding profit levels, there are some good practices to follow. In our latest article we look at how you can price your architecture services

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Calculate your cost rate in 3 simple steps 

Calculate your cost rate in 3 simple steps 

I often host workshops with architects on practice management. One of the exercises I do is to ask the audience to calculate the cost rate of a fictitious architect, given a set of financial and timesheet data. So far (and hundreds of architects have made the attempt), no one has …

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When to hire? 3 factors that will change your view. 

When to hire? 3 factors that will change your. view

The UK construction industry enjoyed a recovery in 2021. And the great news is, this positive trajectory is expected to continue through 2022 and beyond: “With Government investment in transport and renewable energy driving the recovery and residential continuing to strengthen, analysts are expecting this positive outlook to continue through …

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Didn’t reach your profit goals in 2021? Try getting these 5 basics right in 2022. 

If your practice can improve on these 5 basic steps, you’re off to a flying start! 1 Start every project with a profit-inherent fee! From accurate charge out rates to realistic project time per stage, architectural practices get this crucial step wrong more times than not. The good news is …

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