By and large, Greater Boston Architecture firms have been doing well over the past several years. Their average billing has been greater than their direct labor and overhead costs, which has led to record-setting profit per direct hour rates since 2012. But how does your firm compare to the average?
Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture
The CBIZ and MHM 2017 Architectural Survey provides some key benchmarking, but it also comes with some lessons for area firms. Each year, our survey captures key performance and financial indicators and compares them to results from earlier years to assist with spotting trends in activity.
Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture
When your workforce is operating at full efficiency, you’ll see benefits in your bottom line. Our 32nd annual Architectural Survey of firms in greater Boston gave us some insight into what drives profitability in the Architecture, Engineering & Consulting (A/E/C) sector.
Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture
Overhead expenses continue to increase for Greater Boston area architecture firms. Our 2017 architectural survey found that overhead rates jumped from $62.77 per direct hour in 2015 to $67.83 in 2016. A number of factors contributed to the increase, including the decline in direct hours charged by area firms.
Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture