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Financial Management for Design Professionals

Financial Management for Design Professionals
Author: Steve Wintner
Publisher: Kaplan Publishing
Total Pages: 0
Release: 2006-12-01
Genre: Architecture
ISBN: 9781419583315

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You don’t need to be a financial wizard to ensure the future success of your design firm! An accessible guide to financial management, Financial Management for Design Professionals is written for design firm principals who are responsible for their firm’s finances but have little or no financial management education or experience. For mid-career design professionals looking to advance their careers, the book is an indispensable reference and training guide. Using a simple, step-by-step format, this book shows design professionals how to: Develop an annual budget and profit plan Calculate the overhead rate for a firm Calculate the break-even rate and hourly billing rate for each employee Establish project fees Use readily available financial information in successful negotiation Design and interpret financial reports Plus: clear explanations of the fundamentals of financial management!


Accounting and Financial Management for Residential Construction

Accounting and Financial Management for Residential Construction
Author: Emma Shinn
Publisher: Builderbooks
Total Pages: 0
Release: 2008
Genre: Construction industry
ISBN: 9780867186352

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Shinn provides detailed information on how an accounting system operates and the basic principles for processing financial data. This fifth edition includes the updated NAHB Chart of Accounts, and shows builders how to take control of their finances.


Financial Management and Accounting Fundamentals for Construction

Financial Management and Accounting Fundamentals for Construction
Author: Daniel W. Halpin
Publisher: John Wiley & Sons
Total Pages: 320
Release: 2011-09-09
Genre: Technology & Engineering
ISBN: 1118174275

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TECHNOLOGY/ENGINEERING/CIVIL SUCCESSFUL FINANCIAL MANAGEMENT IN THE CONSTRUCTION INDUSTRY BEGINS WITH THIS HANDS-ON GUIDE While construction professionals are skilled in the technical side of their work, they often find the financial management aspect of the business daunting. Financial Management and Accounting Fundamentals for Construction will help you better understand and navigate the financial decisions that are part of every construction project. This book is a compact summary of the basic financial skills that a construction professional must have to be successful in the management of a construction company and its projects. Its topics address many of the questions that any construction administrator will face, such as: How to organize and use a company's financial reports What amount of cash must be made available to the contractor to complete a project Why the early payment of supplier invoices can enhance profitability How to quantify the time value of money in financial decisions What tax amount is owed by a company and how it impacts the bottom line How to control project costs What financial sources are available to a construction contractor for capital expansion In this text, you will learn about accounting fundamentals, project-related financial matters, and company level financial issues—three factors that are key to your career success. An ideal reference for students of construction management and engineering, as well as professionals who need a quick refresher when dealing with cost control analysis and other financial issues, this text also offers: Easy-to-understand coverage of financial concepts specific to the construction industry, including business taxation, project control, engineering economy, and financial forecasting Numerous worked examples, plus end-of-chapter review questions and exercises Helpful appendices that present the structure of a typical chart of accounts, the flow of transactions through a construction accounting system, and tables required for computing interest and the time value of money


Practice Management for Design Professionals

Practice Management for Design Professionals
Author: John Philip Bachner
Publisher: John Wiley & Sons
Total Pages: 406
Release: 1991-09-03
Genre: Technology & Engineering
ISBN: 9780471522058

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In the mid-1960s geotechnical engineers paid the highest liability insurance of any profession and by 1969 were virtually uninsurable. As a result, the ASFE was founded and helped these engineers not only lower their insurance rates, but get to the point where, by 1980, they were the least liability-prone members of the design profession. Now, John Bachner and the ASFE tell all other design professionals how to accomplish the same task. This book, which incorporates the ASFE's Introduction to Professional Practice program for advancing architects' and engineers' knowledge of professional practice issues, addresses almost every aspect of the design professionals' practice as they relate to liability, from procedures for verifying the accuracy of technical output to steps for improving client and project selection, workscope development, personnel training and dispute resolution.


Project Management for Design Professionals

Project Management for Design Professionals
Author: William Ramroth
Publisher: Kaplan Publishing
Total Pages: 0
Release: 2006-09-01
Genre: Architecture
ISBN: 9781419528125

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In the fast-paced, big-stakes design industry, schedules are accelerated and client expectations are high. Literally, time is money and the responsibility for project success or failure rests squarely on the shoulders of one individual: the project manager. Since design professionals rarely receive formal training on project management, the complex discipline can be a sink or swim proposition. For the first time, veteran architect William G. Ramroth, Jr., taps the resources of his 30-plus years of project management experience to offer practical advice, instructions, and techniques to help you think strategically, plan carefully, and troubleshoot problems. Project Management for Design Professionals is written for architects, designers, landscape architects, urban planners, interior designers, engineers and others looking to plan and complete multidisciplinary projects successfully.


The Architecture Student's Handbook of Professional Practice

The Architecture Student's Handbook of Professional Practice
Author: American Institute of Architects
Publisher: John Wiley & Sons
Total Pages: 672
Release: 2017-01-09
Genre: Architecture
ISBN: 1118738950

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The essential guide to beginning your career in architecture The Architecture Student's Handbook of Professional Practice opens the door to the vast body of knowledge required to effectively manage architectural projects and practice. A professional architect is responsible for much more than design; this book is specifically designed to help prepare you for the business and administrative challenges of working in the real-world—whether you are a student or are just starting out in practice. It provides clear insight into the legal, financial, marketing, management, and administrative tasks and issues that are integral to keeping a firm running. This new edition has been restructured to be a companion textbook for students undertaking architectural practice classes, while also fulfilling the specific knowledge needs of interns and emerging professionals. It supplements information from the professional handbook with new content aimed at those setting out in the architectural profession and starting to navigate their careers. New topics covered in this new edition include: path to licensure, firm identity, professional development, strategic planning, and integrated project delivery. Whether you want to work at a top firm, strike out on your own, or start the next up-and-coming team, the business of architecture is a critical factor in your success. This book brings the fundamentals together to give you a one-stop resource for learning the reality of architectural practice. Learn the architect's legal and ethical responsibilities Understand the processes of starting and running your own firm Develop, manage, and deliver projects on time and on budget Become familiar with standard industry agreements and contracts Few architects were drawn to the profession by dreams of writing agreements and negotiating contracts, but those who excel at these everyday essential tasks impact their practice in innumerable ways. The Architecture Student's Handbook of Professional Practice provides access to the "nuts and bolts" that keep a firm alive, stable, and financially sound.


Designing Profits

Designing Profits
Author: Morris Nunes
Publisher: Routledge
Total Pages: 179
Release: 2015-12-22
Genre: Architecture
ISBN: 1317560574

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A successful design practice requires principals and staff who are creative, technically proficient, and financially savvy. Designing Profits focuses on the last component—the one that is so elusive for many architects, engineers, and construction professionals—the business aspects of practice. Not an ordinary book on practice issues or finance, Designing Profits explains the application of design thinking to guide wise business decisions. It is indeed possible to be as creative in establishing and operating a practice as in designing and constructing a building. The book offers comprehensive guidance and objective tools for design professionals to reap financial rewards from their practices, and to discover innovative strategies to become entrepreneurial and implement creative practice models. An extended case study is woven throughout the book. Witness the trials and tribulations of Michelangelo & Brunelleschi Architects as they engage problematic clients, tight project budgets and schedules, low fees and insufficient profits, marketing issues, quirky staff, technology upgrades, and growth, among other difficult challenges. This mythical firm, a composite of several real-life practices, navigates through these various dilemmas, providing readers with insights into superior financial management and a reimagined services portfolio.


Financial Management

Financial Management
Author: Brian Pinder-Ayres
Publisher: Routledge
Total Pages: 114
Release: 2019-08-13
Genre: Architecture
ISBN: 1000701506

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Most newly qualified architects have scant knowledge about the practicalities of running a practice and in particular the challenges of managing the financial side of the business. This book highlights the major financial risks and how these can be avoided. The chapters give straightforward advice and practical solutions based on the author's years of hard-won experience. Friendly, clear and concise, it will give you all the knowledge and tools you need to plan for business success. Based on the original Good Practice Guide, this updated and re-designed version is now even more comprehensive and contains detailed information on fees, as well as real life anecdotal advice from practitioners, updated references, and is in line with the latest legislation. This is invaluable reading for sole and small practitioners of architecture and other creative industries.