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Key
Findings: Firm Billings
Gross
revenue at architecture firms declined from more than
$44 billion in 2008 to $26 billion by 2011, a 40 percent
decline over this three-year period. As owners and
developers more aggressively managed the design and
construction costs of new projects, they created
pressure on design fees and construction bids. In
addition, more than two-thirds of architecture firm
billings were from projects for repeat clients, an
increase of 10 percentage points from 2005.
Other
Findings:
- Until the construction
recovery strengthens, firms will be hesitant to fill
full-time positions, relying more heavily on part-time
and contract staff.
- Seventy-eight percent of architecture firms carried at least some form of professional liability insurance in 2011.
- Institutional and
residential projects account for a larger share of
firm billings in 2011 than in 2008, while the share of
billings from commercial/industrial projects
declined.
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