BQE CORE AND TEIGER CONSULTING PRESENT

The Art of

Estimating Fees:

Unlocking Profitable Projects for Your AE Firm

Part 3 of the ‘Blueprint for Success’ Masterclass Series


Wednesday, March 20th, 2024

1pm ET | 10am PT   


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. 

By the end of this session, you will learn how to:

1

Identify the correlation between project scope, estimated project cost, and fee

2

Develop a Rough Order of Magnitude (ROM) for construction costs in a simple way 

3

Create a top-down approach to fee estimation based on percentage of costs as a guideline 

4

Estimate fees, whether they are for hourly or fixed-fee projects 

5

Define the allocation of hours for each project phase and develop strategies to effectively manage them 

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Did you know that you can receive one LU for this course?

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Douglas Teiger, FAIA 

Founder  | Teiger Consulting

LEARN FROM AN EXPERT

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

ABOUT THE SERIES

In the world of architecture and engineering, professionals rarely receive the comprehensive business training they need, yet they often find themselves juggling the demands of design and business management. Enter visionary architect and business consultant, Douglas Teiger, FAIA. With a wealth of experience, he has crafted this exceptional series to empower fellow architects and engineers to elevate their firms, mirroring the success strategies of Fortune 500 companies, all while maintaining a harmonious work-life balance. 

Douglas Teiger's own journey from a solo practitioner to becoming the managing partner of a thriving 30+-person firm, followed by his venture into Teiger Consulting, serves as a testament to his expertise. 

Every third Wednesday of the month, Douglas Teiger delves deep into pivotal topics that promise to fortify your firm's profitability and set the stage for sustainable growth in the years ahead. 

Returning to BQE University with an upgraded version of this masterclass for the third year in a row, Douglas equips you with the systems and processes necessary to not only boost profitability but also reclaim the freedom to focus on the aspects of your practice and life that ignite your passion. 

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ABOUT BQE: A PROUD SPONSOR OF THIS MASTERCLASS SERIES

BQE CORE is the award-winning firm management software, created by architects and engineers for architects and engineers, that project-based firms trust to run their operations for better project outcomes, and more profitable futures. Their fully integrated suite of intuitive tools with 24/7/365 support provides back-office automation to power front-office insights, making firm management more agile, informed, and data-driven. Learn more at www.bqe.com.