Blog
Boost Labor Efficiency, Improve Project Profitability
Architecture, engineering and environmental consulting (AEC) firms measure success by calculating profit. Gross profit margin (GPM) is the go-to metric AEC firms use, but it doesn’t provide a complete picture of profitability. Net labor multiplier (NLM) measures the amount of revenue earned for every dollar spent on labor, representing the relationship between a firm’s most…
Read MoreElevating the Implementation Process: The BST Global Advantage
Project-based businesses like architecture, engineering and environmental consulting firms rely on various software solutions to operate efficiently. For most firms, enterprise resource planning (ERP) software is crucial to their everyday operations and long-term success, which can make changing systems a daunting task. Fortunately, BST Global’s implementation and conversion experts have the experience, tools and highly managed…
Read MoreDSO & DPO: What’s the Difference?
Days sales outstanding (DSO) measures how quickly a firm collects client payments, while days payable outstanding (DPO) measures how long it takes to pay vendors. Lower DSO and higher DPO generally improve an AEC firm’s cash flow, though ideal values vary by firm and project type. Tracking trends over time is more important than looking…
Read MoreBST Global CMO Shares Exclusive AI Insights on ACEC’s Engineering Influence Podcast
BST Global Chief Marketing Officer Eileen M. Canady and ACEC Senior Vice President of Communications & Marketing Jeff Urbanchuk talk about AI for ACEC’s Engineering Influence podcast. In the podcast episode, Eileen shares findings from BST Global’s “AI + Data Insights 2025: Global AEC Industry Report” and comments on additional topics, including AI- and data-focused leadership roles, changing client expectations, and AI risks and policies. BST Global Chief Marketing Officer Eileen M. Canady sat down…
Read MoreBST Global Wins Frost & Sullivan’s 2025 Company of the Year Award
Global research and consulting firm Frost & Sullivan named BST Global Company of the Year for the second year in a row! This year’s award is for best practices in the global AEC project management industry. Frost & Sullivan applied a rigorous analytical process before selecting BST Global as the final award recipient, evaluating the…
Read MoreTime Is Money: Unlock Project Profitability With BST11 Timesheet App
Time tracking is critical to optimizing project profitability and resource management, but there is no one-size-fits-all tool that accommodates the unique needs of different AEC firms. If time tracking is too simple or rigid, supplemental and often manual calculations are required to address specific project needs. On the other hand, when time tracking is overly…
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AI + Data Insights 2025:
Global AEC Industry Report
AI is set to transform the AEC industry by enabling innovation, sustainability and faster workflows while also introducing new risks and uncertainties. Drawing on BST Global’s survey of AEC technology leaders, the “AI + Data Insights 2025” report outlines five key themes shaping AI adoption among firms around the world. The report concludes that successful AI integration requires thoughtful planning, responsible data practices and proactive change management. …
Read MoreDecoding Contracts for AEC Professionals
AEC firms have their own industry-specific language when it comes to contracts. We’ve devised a list of some general and specific contract terms and defined them here.
Read MoreLearn the Essentials of Project Pursuit
AEC firms are nothing without projects, the bread and butter of the business. Firms must consistently seek new sources of income; otherwise, once a project has been delivered, there’s no more revenue for the business. But where do projects come from, and how do firms get them? Projects come from leads — potential or existing…
Read MoreThe ABCs of Accounting in the AEC Industry
Accounting plays a crucial role in the success of every architecture, engineering and environmental consulting (AEC) firm. The foundation of an effective and robust accounting process facilitates financial management, project control, compliance, risk mitigation, and strategic decision making. It ensures that the AEC firm operates profitably, maintains financial integrity and sustains growth in a dynamic…
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