Results from CBIZ & MHM New England’s annual architectural survey are in, and all indications suggest area firms did well in 2018. Really, really well. Profits per direct hour reached a record high, and direct labor utilization rates soared to among the highest in the nearly 35-year history of our survey.
Topics: David Swan, architecture firm, Boston, architecture, survey, Merrill Puopolo, 2019 Arch Survey
Boston area architecture firms had another banner year. Our 2018 Survey of Architectural Firms in Greater Boston found that area firms recorded high profits-per-direct hour and improved their use of direct billable hours compared to previous years.
Topics: David Swan, architecture firm, Boston, architecture, survey, Greater Boston Architecture, Rick Strout, 2018 Arch Survey
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
Findings from the recently released CBIZ Tofias 2016 Architectural Survey indicate Greater Boston area firms continue to take on more hours, but with more hours being spent on indirect services.
Topics: David Swan, architecture firm, Boston, 2016 Architecture Survey, architecture, survey, 2016 survey of architecture firms
Over the past few years, Greater Boston area firms noted positive results in their financial indicators. The CBIZ Tofias 2016 Architectural Survey shows profit per direct hour and direct labor billing multiples have been high since 2013.
Topics: David Swan, architecture firm, 2016 Architecture Survey, architecture, survey, 2016 survey of architecture firms
Benchmarking is an essential planning tool, particularly as you begin to formalize plans for 2017. The 2016 CBIZ Tofias Architecture Survey can shed some insight into how your architecture firm is performing compared to firms we surveyed in the greater Boston area.
Topics: David Swan, architecture firm, 2016 Architecture Survey, architecture, survey, 2016 survey of architecture firms
CBIZ Tofias is pleased to announce the recent completion and publication of our 2015 Survey of Architectural Firms in Greater Boston providing an overview and analysis of key industry statistics and best practices.
Topics: David Swan, architecture firm, 2015 Survey of Architectural Firms