Blog
BST 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
For the AEC industry, AI brings promising capabilities for innovative design, more sustainable practices, expedited workflows and more. However, it also introduces numerous challenges, known and unknown. To better understand these potential benefits and barriers, BST Global surveyed AEC firm technology leaders from around the world about their current and planned AI initiatives, expectations and…
Read MoreBoost Labor Efficiency, Improve Project Profitability
Success means different things to different businesses. It also means something different to a business at different stages — the goals you set for year 1 and year 25 will be worlds apart. Along the way, your focus might shift from not accruing more debt to breaking even to making any profit to making greater…
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 MoreAEC Project Accounting 101: Terms & Definitions
Accurate financial accounting is imperative for the long-term success of any company, and the nature of the architecture, engineering and environmental consultancy (AEC) industry makes it a particularly complicated undertaking. Therefore, AEC firms usually designate specific roles in their organizations to address the added complexities associated with internal and external financial reporting. Since AEC is…
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…
Read More11 Essential Earned Value Management Concepts You Should Know
Project management style has a direct effect on project profitability. Earned value management (EVM) is a powerful project planning and management tool government agencies and many AEC firms use to integrate a project’s cost with the scope of work, project schedule and various performance elements. Using this approach makes project planning and resourcing more precise,…
Read MoreBST Global CEO Leads the AI Charge During the ACEC Research Institute’s Roundtable
BST Global CEO Javier A. Baldor participated in ACEC Research Institute’s roundtable, “Lump Sum Contracting: Current Practices, Opportunities and Challenges.” This thought-provoking roundtable focused on the potential opportunities and challenges of lump sum structures for engineering and design services in the transportation sector. The participating panelists included: During the session, Javier gave his unique perspective…
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