Ready to master the art of fee estimation and better understand its impact on your firm’s bottom line? This practical webinar with Douglas Teiger begins at the earliest stage of a project, when a request for proposal first arrives. The session explores how to define project scope, develop a Rough Order of Magnitude (ROM) for construction costs, and estimate project hours with greater confidence and accuracy.
The session concludes with a detailed look at how fees are structured and introduces a simplified system for improving overall project profitability. By the end of the program, participants will have practical tools and financial insights to make stronger business decisions and support the long-term success of their architecture and engineering firms.
Learning Objectives:
- Identify key factors involved in defining project scope and estimating project fees.
- Develop Rough Order of Magnitude (ROM) construction cost estimates and project hour projections.
- Explain common fee structures used in architecture and engineering projects.
- Apply practical strategies to improve project profitability and support stronger financial decision-making.