Architecture & Money

By Architectural Record
Martin C. Pederson, James S. Russell, and David Sokol

Learning Objectives:

  1. Discuss some of the legal and technological developments of recent decades that have prompted a reexamination of how architects charge for their services and what kinds of services they provide.
  2. Describe project-delivery methods that are alternatives to design-bid-build, and explain how they are helping some firms be more profitable.
  3. Discuss the benefits and drawbacks that firms encounter when they merge with or acquire other firms.
  4. Discuss some of the administrative and legal requirements involved in setting up and running a corporate foundation.


1 AIA LU/Elective
This test is no longer available for credit

As part of our May 2015 issue focusing on architecture and money, Record examined a number of pressing practice topics. We explored strategies that architects are deploying to become more profitable, discussed the challenges faced by firms that merge with other firms, and we described how some practices are helping shape architectural eduction through foundations and fellowships. Click here to read about it »

Architecture & Money: Practice

Photo © Scott McDonald/Hedrich Blessing

How to Make Money

How to Make Money
Firms improve the bottom line by expanding the definition of architectural practice.

Photo © Barry Schwartz

Is Bigger Better?

Is Bigger Better?
Architects worry that design takes a back seat when firms merge and expand.

Image © Christian Montenegro/Dutch Uncle

Architects Give Back

Architects Give Back
Through corporate foundations, architecture firms are funding students' research travel. But does supporting design education require a nonprofit structure?

Image courtesy John McAslan + Partners



Originally published in Architectural Record.
Originally published in May 2015