The new AIA Trust website is designed to simplify identifying the benefit plans and practice resources for AIA members and components that can help them effectively manage their risks. The AIA Trust offers a portfolio of risk management solutions and resources designed to help AIA members grow and prosper. All programs are exclusively developed for…
Read MoreTopic: Firm management
Health Insurance for Employee Architects
2023 Update It is critically important that all architects have health insurance coverage for themselves and their families. Often younger people believe they are in good health and since health insurance can be expensive, they may opt to go without health insurance coverage. This could be a huge financial mistake. An accident or an unforeseen…
Read MoreThe Risks and Rewards of Integrated Project Delivery
Historically, the design and construction industry has created silos around the owner, designers, and builders in an attempt to protect each from liability. While this may have reduced exposure in some instances, it has resulted in a lag in innovation and productivity in the industry. Owners have experienced this firsthand, and many forward-thinking owners are…
Read MoreFirm Management Strategies
The AIA Trust recently published a paper titled “Firm Management Strategies” based on interviews with various sized firms from around the country about how they have managed through various catastrophes and endured—often emerging stronger than before. The paper examines some of the similarities and differences between managing a firm during the Great Recession that began…
Read MoreSelf Assessment Tests (SATs)
Webinar: The Risks and Rewards of Integrated Project Delivery
This webinar focuses on the unique risks and rewards that architects may face when participating in Integrated Project Delivery (IPD) contracts. Participants will better understand the value proposition that IPD can provide building owners, the benefits and potential risks for the design team (some of which could be uninsurable), and some options for mitigating the…
Read MoreMediation for the Design Professional
Mediation is a cost-effective dispute resolution vehicle commonly used in clashes involving design professionals. It can also be used as a mechanism to better understand the claims and respective positions of the other parties to a dispute before or during litigation. Leila Sadeghi, Esq. and Peter Stacy, Esq., respected construction attorneys who run the LegaLine…
Read MoreAdvice to Potential New Principals
So, you have been invited to become a principal in your firm? Congratulations! Now, what can you expect? Are there lessons learned from other design firms that have successfully gone through internal ownership transition? Yes, there are. Cameron MacAllister consulting firm completed a benchmark study a few months ago on how architecture firms are handling…
Read MoreBOP’in Along in the New Economy
Those in the architecture community often equate risk with professional liability. Because of state licensing laws and the general legal treatment of professionals, liability in the performance of professional services is a significant risk. When failure to meet the standard of care for professional services harms a project stakeholder or results in injury to the…
Read MoreChoosing the Right Retirement Plan for Your Firm
Most architectural firm owners and managers must address critical priorities in addition to the business of architecture. These include managing taxes, attracting and rewarding valued employees, and establishing a long-term strategy to ensure their own financial security. Fortunately, as a firm owner, you have an option that could help to address all those goals: sponsoring…
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