Factor Blog for Architecture & Engineering Firms

Short-term accounting simplification can hurts long-term results. Here’s how and why accounting is more than an overhead function.

For A/E firms, setting the proper scope, fees, and contract terms for a project is critical to success. Check out these strategies for successful project negotiations.

The COVID-19 pandemic has left its mark in many ways. For architecture and engineering (AE) firms, it has created a seismic shift in the way they do business, including how to hire and keep top talent.

Knowing when to add staff, implement a purpose-built A/E industry financial management platform, leverage outside accounting resources, and when and who to promote into more senior roles can be the key to a firm’s overall success.

Many firm owners and principals are starting to see their backlog evaporate and are growing increasingly anxious about how they’re going to keep people busy in the months ahead. Here’s how to ensure your A/E firm stays busy.

Wondering who’ll take the reins at your A/E firm when you retire? Here’s a deep dive into whether employees see the possibility of ownership as motivation.

Every A/E firm understands that the risk of financial loss and client departures begins on the day you sign a contract. Fortunately, we’ve found that there are ways to minimize risk beyond the terms that are in a contract. Here’s how.

To get an accurate valuation, we’ve learned that an A/E firm must have an appreciation for, and willingness to do, effective financial management. Here’s why.

Here’s how Factor A/E can help you determine if your marketing expense is delivering value.

Here’s why industry trends mean A/E firms should manage sub-consultants like employees, and how Factor AE’s features can help.