Business Resilience Roadmap: Fees and finance
This section of the RIBA Business Resilience Roadmap offers essential guidance and practical tools for achieving financial resilience and ensuring timely payment.
How to carry out a financial health check of your practice
Evaluate your short- and long-term financial situation
Review your financial management regime
Examine your position and plan ahead to ensure your practice is equipped to weather a recession
How to reduce expenditure during a downturn
Practice leaders share tips for reducing overheads to cope with financial challenges
How to ensure payment from clients
Tips for securing fee income from experienced practitioners and financial experts
Are the terms of your appointment clear and comprehensive?
Getting the appointment contract right is vital to protect architects from potential problems down the line
What can you do if a client faces insolvency?
If a client goes into liquidation owing a practice money, what steps should you take to reduce the financial impact?
Optimising Fee Proposals
Strategies for staying profitable and standing out from the crowd
Fee disputes and how to avoid them
Clarify exactly what your fee will cover
R&D tax credits: are you eligible?
Most practices qualify for rebates across a range of activities
Guide to R&D tax credits
Access an in-depth guide for Chartered Practice on qualifying activities and how claims are calculated
Where to find free business resources
Take advantage of free business services, one-to-one advice and funding opportunities
Do your contracts protect you from project delays or cost escalations?
Learn about the most common sources of contractual disputes
Five foundations of a profitable practice
Essential processes to stay finance-focused
How to make fess profitable when projects are onsite
Tips on managing fees, clients, and profit margins
Creating a six line Profit & Loss statement
Advice from Grimshaw's COO on monitoring the financial health of your practice
Smart tax tips for your practices workflow
Learn how to manage money across project stages
Manage your cashflow effectively
Learn money management tips like dealing with late invoices and forcasting
Five ways to improve setting fees and writing bid proposals
Learn more about the crucial tasks that could have a huge impact on your practice
How to best use the RIBA Fee Calculator
Learn how this tool can help you generate more reliable project fee proposals for your architecture projects
What next?
The Business Resilience Roadmap contains two further sections, providing useful guidance and support on:
Tell us what you think
We value your feedback. Your insights and experiences of responding to challenging economic times are invaluable and help to inform the content we produce. Please email the Practice team with any feedback, knowledge or observations you are willing to share.
RIBA Continuing Professional Development
As part of the flexible RIBA CPD programme, the content in the Recovery Roadmap counts as microlearning.
Find out more about the updated RIBA CPD Core Curriculum and fulfilling your CPD requirements as an RIBA Chartered Member.
Don't forget to record your CPD online on any device after you have read the Recovery Roadmap contents.
