Factor Blog for Architecture & Engineering Firms
In-depth articles and advice from Factor's AE experts.
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Why Oversimplifying A/E Firm Accounting Hurts Results
Short-term accounting simplification can hurts long-term results. Here’s how and why accounting is more than an overhead function.
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Strategies for Successful Project Negotiations — Part 1
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.
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Best Practices for Hiring and Retaining Talent in the Post-COVID World
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.
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Expanding Your Financial Management Capabilities as Your Firm Grows
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.
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4 Business Development Steps for Ensuring Your A/E Firm Stays Busy
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.
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Does A/E Firm Ownership Potential Motivate Employees?
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.
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A/E Firm Contracts and Risk: Important Observations
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.
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The Connection Between Good Financial Management and Firm Valuation
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.
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A/E Firms: Is Your Marketing Expense Delivering Value?
Here’s how Factor A/E can help you determine if your marketing expense is delivering value.
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How Firms Can Effectively Manage Sub-Consultants Like Employees
Here’s why industry trends mean A/E firms should manage sub-consultants like employees, and how Factor AE’s features can help.