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A Cash Flow Guide for Architects

Levelset

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. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

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Beware the Cash Flow Manager!

PSMJ Resources

Anyone who wants to learn more about how a Sources and Uses of Cash statement works, drop a line to my colleague Kim Pazera here at PSMJ (kpazera@psmj.com). For example, Mike warns against holding accounts payable to the maximum extent allowed by law to increase your operating capital at the expense of vendors, sub-consultants and others.

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9 Tips for Starting an Architecture Firm

Levelset

We spoke with Lucas Gray , a business consultant for architects with Charette Venture Group, to share advice to get started. These tips are well-tested and designed to get your architecture company off to a successful start. Make sure that you have a realistic expectation of how much design work you’ll be able to do.

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Modular Will Be Worth It

Pro Builder

If we're not delivering speed with all the advantages of modular, we're not succeeding,” said Anthony Gude, director of operations at R & S Tavares Associates, a company that provides services that include design, structural engineering, consulting, and project management for prefabricated buildings.

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What is Project Loss Insurance?

Levelset

When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. It also helps contractors manage cash flow during a loss. Claim payouts keep the cash flowing, even during a delay or other ongoing loss.

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PSMJ Resources, Inc. Announces 2013’s Circle of Excellence Firms

PSMJ Resources

the premier management consulting firm for the architecture, engineering, and construction industries, is thrilled to announce this year’s members of the 2013 Circle of Excellence. LSC Design Inc. Argus Consulting, Inc. BAM Architecture Studio NK Architects Baylis Architects OBEC Consulting Engineers, Inc.

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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. Lucas Gray. Related: 8 KPIs every construction company should track.