Condominium work for developers, construction managers, contractors, and design firms continues to be strong after being scarce following the 2008 economic collapse. Many millennials and other first time buyers can and want to invest in condo units in urban areas. And renting is less attractive to a maturing class of residential market participants as they […]
Business Coverage / Professional Liability Articles
Until you are left reeling from the untimely death of a loved one, you may not fully understand or appreciate the importance of life insurance and the critical role it can play during that difficult time. Your children, spouse or significant other, parents or other family members, are the ones whose futures you want to […]
The likelihood of design deliverables being released for approval or actual construction while containing negligent errors or omissions are higher than most firms would like. This is due to projects becoming more complex and design times being severely constrained. As such, more projects are involving design input from a wide range of consultants and other […]
If you’re invited to become a principal in your firm, do you know what that requires? A recent study on internal ownership transition sheds light on how architecture firms are handling the ownership succession process when founding principals near the end of their tenure. If you’re tapped to become a principal in your firm, this […]
As a risk management resource for AIA Members, the AIA Trust develops white papers on topics of critical and evolving risks for architects. If you don’t have time to read the white papers, new synopses give you the important facts. Check them out now—so you stay out in front of critical risks.
An after-work session sponsored by the AIA Trust and the AIA Practice Management Knowledge Community will be held on November 9th at the 2017 Chicago Architecture Biennial, focusing how technology is impacting architectural practice—with an emphasis on how “virtual practice” is gaining popularity among various types of practitioners.
From 2005 through 2015, almost all intellectual property claims against design professionals in the Schinnerer and CNA program involved copyright issues. Intellectual property, perhaps the most valuable asset for design professionals, includes trademarks, patents, and copyrights. While intellectual property claims in the program were minimal, design professionals should be aware of these risks arising from […]
Risk management education is key to managing a successful firm—and utilizing risk management webinars on critical topics is an indispensable approach. The longevity of an organization doesn’t happen by chance. It is the result of careful planning that includes proactive risk management.
Are you clear on the federal pay rules for compensating overtime correctly so your firm isn’t confronted with audits, back pay, and fines?
Integrating architectural services into a more collaborative design and construction process is transforming practice today. And younger architects are leading this transformation. Design creativity and instantaneous communications are two key characteristics of the youngest generation in the architecture profession. Rapid changes in technology provide transformational tools to enhance both creativity and communication.