Deltek Releases Latest Clarity A&E Industry Study that Reveals Improved Financial Strength and Optimistic Outlook for the A&E Sector
The 36th annual Deltek Clarity study is based on 2014 fiscal year data provided by nearly 400 North American architecture and engineering (A&E) firms
HERNDON, Va. – June 18, 2015 – Deltek, the leading global provider of enterprise software and information solutions for professional services firms and other project-based businesses, today announced the release of its Deltek Clarity A&E Industry Study. In its 36th year, this A&E Industry study is the oldest and longest-running study of its kind and provides a holistic view of A&E firms of all sizes throughout North America. Nearly 400 firms participated in the survey, providing 2014 fiscal year data across a variety of financial, operational and business development metrics that collectively can assess the health of the A&E sector.
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The Deltek Clarity A&E Industry Study delivers critical benchmarks that A&E firms can use to measure themselves against their peers and acts as a guide to help firms identify areas of opportunity and improvement. This year, the survey questions and topics were expanded to include business development and project management. Significant findings from the 2014 include:
- Financial recovery is steady, but there is still room for improvement: Operating Profit rose to 11.8%, Utilization Rate increased marginally to 60%, and the Overhead Rate dropped to 160%.
- A&E Leaders need to address their biggest business development challenges: increased competition and limited time for business development activities.
- Project management pitfalls point to big bottom-line impact: In the average firm, only 75% of projects were delivered on or under budget.
“The Deltek Clarity study gives firms unmatched insight into current key metrics that drive today’s A&E firms, while also providing historical trends so firms can understand how the A&E marketplace is evolving. Clarity helps A&E firms benchmark themselves against their peers and set realistic goals,” said Brian LaMee, head of product marketing at Deltek. “Firms can identify where they measure up and where they can learn from leading firms so they can make plans for improvement.”
Produced in collaboration with ACEC, ACEC Canada and SMPS, the 2015 Clarity A&E Industry Study can be downloaded here.
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Senior Director, Corporate Marketing and Communications