• The Art of Estimating Fees: Unlocking Profitable Projects for Your AE Firm Cover

Online Learning

The Art of Estimating Fees: Unlocking Profitable Projects for Your AE Firm

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Ready to master the art of estimating fees and gain profound insights into their impact on your bottom line? Join Douglas Teiger, FAIA, on a journey that begins at the very inception of a project—when that initial request for a proposal lands on your desk or in your inbox. In this comprehensive course, you will not only learn to define project scope, but also develop a Rough Order of Magnitude (ROM) for construction costs and estimate project hours. We'll culminate by dissecting how fees are structured and introduce a simplified system to enhance your overall project profitability.

Join Douglas for this illuminating session that will empower you to unlock profitable projects and gain mastery in fee estimation. By the end of this session, you'll possess the knowledge and tools to make informed financial decisions, ensuring the prosperity of your AE firm.


Learning Objectives:

  • Identify the correlation between project scope, estimated project cost, and fee 
  • Develop a Rough Order of Magnitude (ROM) for construction costs in a simple way
  • Create a top-down approach to fee estimation based on percentage of costs as a guideline 
  • Estimate fees, whether they are for hourly or fixed-fee projects 
  • Define the allocation of hours for each project phase and develop strategies to effectively manage them

 

Douglas Teiger, FAIA

Founder
Teiger Consulting

Douglas Teiger, FAIA, graduated from Cornell University, in 1982 with a BARCH. He opened his own firm in 1989 and grew from a solo practitioner to become managing partner of his 32-person firm. 

In 2009, Douglas received a Master’s in Spiritual Psychology from USM, where he learned tools and skills he is sharing with his staff and clients. His ability to effectively streamline the operations allowed for more time to be spent on design and project research while creating a culture that fosters a holistic approach to a work life balance. In 2017, he served as president of the AIA Los Angeles Chapter and previously served on the AIA National Strategic Council. In 2019 Douglas transitioned out of his firm elevating three associates to partners, sold his shares and started his next venture, Teiger Consulting. 

Douglas’ mission is to “live an inspiring balanced life” whether it involves family, coaching, consulting, painting, or sports. 

 

 

Will Swearingen

Principal | Sr Director, Transition Services
Zweig Group

 

Will Swearingen is a Principal at Zweig Group and leads the company’s research team and ownership transition consulting group. He received his BS in Biology from the University of North Carolina at Asheville and his MBA from the University of Arkansas with a focuson entrepreneurship. During that time, Will developed financial models and aided in the fundraising for a startup that has raised over 20 million dollars in capital.

Will works closely with management teams across the US to develop ownership transition plans, ranging from simple one-to-one transactions to complex projects that require a great deal of modeling and stakeholder education. Will analyzes and reports on the data AEC managers need to run successful firms. From developing benchmarking tools to compensation programs for transition planning, Will builds resources for decision makers.

Prior to joining Zweig Group, Will provided navigation and telemetry services for oil exploration projects, conducting data analysis for the integration of GPS and seismic readouts. Will comes from a long line of architects and has a passion for the industry that is unmatched.