The financial crisis that has grappled the world market has severely affected the architects in the USA. The companies have cut down the construction of office, hotel, residential and other commercial projects due to the financial liquidity crunch and this has impacted the architectural firms directly. The Architecture Billing Index that showcases the billing done by the architects and is compiled by the Architecture Institute of America (AIA) has dipped below the benchmark point indicating a reduction in the billing done by the architectural firms.
But all is not lost and AIA has prepared an online resource center to help architectural firms weather this financial uncertainty. With tips varied from how to expand relationship with existing clients and how to form new alliances; this resource base will allow you to rework your strategy for the current turbulent times.