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Change in A/E Firm Fees Reflects Market Challenges
Change in A/E Firm Fees Reflects Market Challenges
Reeling from the economic downturn in recent years, A/E firms face a competitive business environment, and setting fees at levels that attract clients has not been without its challenges.
Wayland,
Massachusetts,
United States of America
(prbd.net)
20/08/2010
" “There is a cost involved—your fee—and in today’s environment this number alone can suddenly become the deal breaker.”
"
WAYLAND, MA—Reeling from the economic downturn in recent years, A/E firms face a competitive business environment, and setting fees at levels that attract clients has not been without its challenges. According to ZweigWhite’s 2010 Fee & Billing Survey, close to three-quarters (71%) of A/E firms adjust their budgets on an annual basis. Moreover, firms responding to the survey reported both increases and decreases in fees, but, overall, fees have changed a median of five percent this year.
“Triumphing over the competition requires more than an impressive list of similar projects and eloquent value proposition,” says Christine Brack, PMP, Principal, ZweigWhite Strategic Advisory Services, who provides an in-depth forward to the 2010 Fee & Billing Survey . “There is a cost involved—your fee—and in today’s environment this number alone can suddenly become the deal breaker.”
ZweigWhite’s Fee & Billing Survey of A/E/P & Environmental Consulting Firms takes an in-depth look at the fee structures and billing practices of U.S. architecture, engineering, and environmental consulting firms. This report gives managers the information they need to see if their firm is charging enough or too much for their employees’ time, reimbursable expenses, equipment usage, and more. The report shows data broken down by firm size, type, region, growth rate, and client base enabling firms to make meaningful apples-to-apples comparisons. Fees for a number of services are shown for 12 different markets. Also compared by market are contract types, how firms determine the fee, and methods by which firms are awarded contracts.
ZweigWhite is a full-service consulting, information, and education firm specializing in serving the needs of design and construction industry principals and managers.
An electronic report or printed book is available for purchase from ZweigWhite at http://www.zweigwhite.com/p-933-fee-billing-survey-2010.aspx
About
ZweigWhite is the nation’s leader in enhancing business performance for architecture, engineering, and environmental consulting firms. The ZweigWhite team consists of experts in strategic business planning, business valuation, ownership transition, human resources management, finance and administration, mergers and acquisitions, market research, marketing, project management and project delivery methods who collectively produce a comprehensive suite of products and services, including newsletter
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