Architecture Practice in an Economic Downturn: Challenges and Opportunities

0The Architecture Billings Index (ABI), an established leading economic indicator that shows an approximate lead time of 9-12 months between architecture billings and nonresidential construction spending, points toward downturn in the construction market. This AIA Web seminar explores the economic conditions facing the construction industry, puts them in real terms and potential consequences, and considers options for reducing the impact on architecture firms and practice. AIA Chief Economist Kermit Baker, PhD, Hon. AIA, is joined by Zimmer Gunsul Frasca Architects Managing Principal Robert G. Packard III, Assoc. AIA, the current chair of the AIA Large Firm Roundtable on Excellence in Design and Practice, and Karen L.W. Harris, AIA, principal, Architecture Matters, and past chair of the AIA Small Project Practitioners Knowledge Community, as AIArchitect Executive Editor Doug Gordon, Hon. AIA, facilitates the discussion.

0Learning objectives:

0• Discover current economic projections and how they impact architecture firms and practitioners;

0• Recognize how lessons learned in the past can be applied to current economic conditions;

0• Develop strategies and tactics to survive and thrive.

0Originally broadcast on April 29, 2008. [Run time: 1 Hour: 28 Minutes: 18 Seconds]

0 Click here to view the Web seminar .

0Keywords: Practice, Business planning, Business plans, Workload forecasts, Economic forecasts, Construction outlook forecasts, Building construction data and statistics, Architecture Billings Index (ABI), Economic indicators, Building industry economics