Cost Recovery for Architecture Firms
Remember that fickle client who hired you to build an addition on his company’s office building and revised your plans almost daily? You know who I’m talking about. Remember how you had to reprint the plans each time a wall moved or a window became a door? Chances are, the costs for those changes were unintentionally assumed by your firm as overhead.
Cost recovery is simple: your firm pays for resources, assigns the costs to the appropriate project, bills the client for those resources, then gets paid back. It’s a common and ethical way to recoup expenses like printing and scanning costs.
An easy way to recover the copies/prints you’re creating for each client is to secure a reprographics company to provide in-office services, such as equipment leases, tracking systems, and even personnel. That company will then bill you for the exact number of copies/prints and you can simply forward their invoice onto the client.
If your client changes the plans again and you frustratingly throw your coffee on the plans, well, that might just be a wash.
If you liked this blog article you might also want to check out 5 Signs Your Office Needs an Office Services Company