{"id":33723,"date":"2017-05-01T09:35:14","date_gmt":"2017-05-01T13:35:14","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=33723"},"modified":"2017-05-01T16:28:32","modified_gmt":"2017-05-01T20:28:32","slug":"industry-survey-indicates-improvements-in-architecture-revenue","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/industry-survey-indicates-improvements-in-architecture-revenue\/","title":{"rendered":"Industry survey indicates improvements in architecture revenue"},"content":{"rendered":"
\"\"<\/a>
Zweig Group\u2019s 2017 “Financial Performance Survey of Architecture, Engineering, Planning, and Environmental Consulting Firms” reports increases in revenue and improved collection periods, but also indicates lengthier backlogs.<\/span>
Photo \u00a9 BigStockPhoto<\/em><\/figcaption><\/figure>\n

This spring, consultant Zweig Group<\/a> released its annual “Financial Performance Survey of Architecture, Engineering, Planning, and Environmental Consulting Firms,” which reports a general increase in revenue despite concerns in other sectors.<\/p>\n

At a 10-year high, net service revenue per employee improved to $141,891 from last year\u2019s rating of $137,113. Similarly, pre-tax, pre-bonus profit continued a four-year trend of growth, improving from 9.9 to 11.6 percent of gross revenue and from 12.7 to 14.6 percent of net service revenue.<\/p>\n

Adding to this improvement, a decrease was observed in the average collection period for accounts receivable, going from nearly three months to an average of 75 days.<\/p>\n

\u201cThis is still a bit high,\u201d warns Will Swearingen, Zweig Group\u2019s director of research. \u201cExtended collection periods can have a great impact on cash flows and bad debt write-offs, and eventually impact a firm\u2019s liquidity position.\u201d<\/p>\n

Profit also had a role to play in another score: the break-even multiplier (which reflects, in dollars, how much a firm must earn through direct labor to cover labor and overhead costs). Although the overall average was 2.54 (i.e.<\/em> most firms must generate $2.54 for each dollar spent on direct labor), high-profit firms averaged out at 2.45, and low-profit scored 2.91. Improvements in debt to equity values\u2014which increased from 0.80 last year to 1.04\u2014were also noted.<\/p>\n

One area of negativity was backlogs, which continued a trend of increase, reaching an average of 7.2 months. Public-sector firms made up for a higher average here (8.2 months compared to the private sector\u2019s 6.1) with a similarly higher staff growth rate, seeing an average 11 percent increase compared to the private sector\u2019s 7 percent.<\/p>\n

\u201c2016 was a great growth year for firms and provides ample opportunity for leaders to invest in their firms,\u201d says Swearingen.<\/p>\n","protected":false},"excerpt":{"rendered":"

This spring, consultant Zweig Group released its annual Financial Performance Survey of Architecture, Engineering, Planning, and Environmental Consulting Firms, which reports a general increase in revenue despite concerns in other sectors.<\/p>\n","protected":false},"author":1836,"featured_media":33725,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[1479,3286,3464,1478],"class_list":["post-33723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-architecture","tag-national","tag-revenue","tag-survey","entry"],"acf":[],"yoast_head":"\nIndustry survey indicates improvements in architecture revenue - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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