article thumbnail

Contract Documentsfor Small Firm Architects

EntreArchitect

You need a signed legal document. Every project we perform as professionals must be commenced with a signed written agreement, but for small firm architects working with inexperienced clients, this is a critical moment. 5 Rules For Developing Contract Documents for Small Firm Architects. It’s your proposal.

article thumbnail

My 5 Rules for Developing Contract Documents for Small Firm Architects

EntreArchitect

We may have done everything right and find ourselves at the point where, to make this new relationship official, we need a signed legal document. Every project we perform as professionals must be commenced with a signed written agreement, but for small firm architects working with inexperienced clients, this is a critical moment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Build Sustainable Recruitment Strategies for Small Firm Success

EntreArchitect

Recruitment Strategies for Small Firm Architects. Recruiting new employees is one of the most important things a professional services firm can do to be sustainable. Firms leaders can start by breaking down recruitment into three stages: developing a candidate pool, narrowing to set of finalists, and negotiating the hire.

article thumbnail

Email Management for Small Firm Architects

EntreArchitect

As small firm architects, we are all working so hard to get everything done. Between the many hours we dedicate to building our firms and the time we spend building strong relationships at home, there are not many minutes left to do anything else. Prepare formal letters for important documentation.

article thumbnail

AIA Antitrust and Establishing Fees for Small Firm Architects

EntreArchitect

Fees for Small Firm Architects. These documents, created by AIA legal counsel, ensure that the organization will never again find themselves accused of violating federal antitrust regulations. We’re a disgruntled bunch of professionals. Have you learned how to set your fees at levels required for a profitable business?

article thumbnail

Does Your Architecture Firm Qualify for the IRS R&D Tax Credit?

EntreArchitect

They must also include detailed documentation of the expenses incurred during the course of the project, including receipts and invoices. One important thing to note is that the R&D tax credit is only available to small businesses, defined as those with less than $5 million in gross receipts.

article thumbnail

How To Fix Your Profitability Problem as a Small Firm Architect

EntreArchitect

For all professional design firms there are two different, yet interrelated levels of profitability – a firm’s overall profitability and the profitability of each completed project. Historically, the profitability of professional design firms is, on average, in the range of 8-12%. The firm’s culture (or lack of one.).