The professional world can be a minefield for a skilled profession like architecture. That’s because when a project encounters a problem, there’s often a significant economic loss. Impacted stakeholders may consider legal action over revenue lost due to a delay, unforeseen costs incurred due to budgeting errors or construction mistakes, and even payments made as [...]
Do a web search for “architect near me” and you’ll find a long list of colleagues and competitors in your professional space. Many will have glowing online reviews, too — Cares about their clients... Impressed with the translation to design... Skilled, knowledgeable and professional... With a little work, similar public accolades could be celebrating you. [...]
Cyber insurance has dramatically evolved since the first coverages were added to other policy forms in the 1990s. Traditionally, cyber coverages were only considered necessary in the technology industry — or for those providing technology-related professional services. It was the dawn of the digital age and growing cyber risk exposures across all industry classes that [...]
Architects are often held in high esteem by new potential clients, who understand that professional design entails a high degree of skill in science, art and technology. Yet for many clients, that’s where the understanding ends. Without consistent attention to good communication during the design process, misunderstandings can creep in, leading to hard feelings and, [...]
When it’s practiced consistently, good client screening can reduce the risk of taking on a problem client or working on a project outside your firm’s areas of expertise. No architect, engineer or other design professional wants to get bogged down chasing unpaid bills or trying to attend to the needs of a high-maintenance client. With [...]
The Risk of Wage and Hour Laws for Architects Architects and architectural firms are becoming increasingly aware of wage and hour claims, which are among the most typical legal challenges they may confront in their careers. These allegations are dangerous because employers must guarantee that they are following federal, state and even municipal laws. Employers [...]
Architecture firms oversee the transfer of large sums of money for projects. That makes you a prime target for funds transfer fraud. Here are the best practices for wire transfer safety. Wire Fraud Risks When a criminal inserts themselves into a transaction involving the transfer of large sums of money, it’s called fraud. When they [...]
Architecture clients can be difficult in more ways than one. From the indecisive client to the one worried about the budget or obsessed with the timeline, many design professionals have seen it all. The issue of difficult clients is such a common experience that ArchDaily has featured a humorous cartoon on the topic: 15 Clients [...]
As a design professional, it’s important to know exactly what risks you face in the location that you practice. Implied warranties are a risk in some jurisdictions and can have major consequences. Under an expanded liability, an implied warranty can change who can bring a claim against you and what damages they may recover. Without [...]
Architects must manage countless risks, day in and day out. Yet most of the exposures you deal with will tend to fall into only a few broad categories. You may be in the habit of dealing with each individual situation as it arises, but that can be tedious and frustrating. Instead, it can be beneficial [...]