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Business Impacts to New England Professional Services Companies: Follow-Up Survey Results
Posted by Bob Smith and Kevin Higgins on Tue, Mar 30, 2021 @ 04:38 PM

The coronavirus pandemic has continued to create unparalleled levels of uncertainty across the U.S. economy and business community. In response, we conducted a follow-up survey of some of the top professional services companies, alongside other private companies, in the Greater Boston area to determine how the impact of COVID-19 has shifted since June, and gauge how local leaders are currently responding to the pandemic.

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Topics: private companies, private company, Bob Smith, survey, Kevin Higgins, COVID19, Coronavirus, Coronavirus Aid, Relief, and Economic Security Act, American Rescue Plan (ARP) Act, ARP Act

Business Impacts to New England Private Companies: Follow-Up Survey Results
Posted by Tarra Curran and Larry Kaplan on Thu, Mar 11, 2021 @ 12:59 PM

The coronavirus pandemic has continued to create unparalleled levels of uncertainty across the U.S. economy and business community. In response, we conducted a follow-up survey of some of the top private companies in the Greater Boston area to determine how the impact of COVID-19 has shifted since June, and gauge how local financial leaders across various industries are currently responding to the pandemic.

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Topics: Tarra Curran, Larry Kaplan, private companies, private company, survey, COVID19, Coronavirus, Coronavirus Aid, Relief, and Economic Security Act, American Rescue Plan (ARP) Act, ARP Act

COVID-19’s Impact on New England Private Companies: Survey Results
Posted by Tarra Curran and Larry Kaplan on Tue, Jul 21, 2020 @ 11:59 AM

Over the last few months, we have seen unparalleled uncertainty in the economy and for companies across the world. In response, we conducted a survey to measure the pulse of financial leaders of private companies in New England as they react to the COVID-19 pandemic.

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Topics: Tarra Curran, Larry Kaplan, private companies, private company, survey, COVID19, Coronavirus, Coronavirus Aid, Relief, and Economic Security Act

How Does the Performance of Your Architecture Firm Compare to the Competition?
Posted by David Swan on Mon, Sep 9, 2019 @ 07:20 PM

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.

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Topics: David Swan, architecture firm, Boston, architecture, survey, Merrill Puopolo, 2019 Arch Survey

The Results Are In: A Closer Look at Trends in Boston Area Architecture Firms
Posted by David Swan on Tue, Jul 31, 2018 @ 11:15 AM

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.

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Topics: David Swan, architecture firm, Boston, architecture, survey, Greater Boston Architecture, Rick Strout, 2018 Arch Survey

Benchmark Against Greater Boston Architecture Firms
Posted by David Swan on Thu, Dec 14, 2017 @ 02:08 PM

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?

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Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture

Lessons Learned: 3 Takeaways from Our 2017 Architecture Survey
Posted by David Swan on Mon, Nov 20, 2017 @ 02:59 PM

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.

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Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture

3 Ways to Improve Profitability in Architecture Firms
Posted by David Swan on Thu, Oct 26, 2017 @ 08:17 AM

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.

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Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture

Architecture Firms: Don’t Get Caught in Rising Overhead Costs
Posted by David Swan on Mon, Oct 23, 2017 @ 04:23 PM

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.

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Topics: David Swan, architecture firm, architecture, survey, 2017 architecture firms, 2017 arch survey, Greater Boston Architecture

Boston Area Architecture Firms Note Uptick in Indirect Time
Posted by David Swan on Wed, Oct 19, 2016 @ 07:40 AM

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.

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Topics: David Swan, architecture firm, Boston, 2016 Architecture Survey, architecture, survey, 2016 survey of architecture firms

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