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PKF O'Connor Davies Released its 21st Annual Architectural and Engineering Studies

PKF O'Connor Davies, a leading accounting and advisory firm in the United States, has recently unveiled its 21st annual Architectural and Engineering Studies. This comprehensive report encapsulates critical industry insights and key performance metrics, revealing ongoing trends that shape the architecture and engineering (AE) landscape.

Understanding the Report

The annual studies compiled by PKF O'Connor Davies serve as a vital resource for AE firms, assisting them in making well-informed decisions based on comparative data across multiple years. The report offers in-depth analyses of crucial performance indicators, including utilization rates, billing multiples, overhead costs, and balance sheet metrics. This year marks a pivotal moment as it introduces emerging trends, particularly regarding the adoption of Artificial Intelligence (AI) within the AE sector.

Despite a slight decrease in profit margins in 2024, most firms within the sector maintain double-digit profitability, indicating resilience amidst market fluctuations. Furthermore, compensation levels are observed to be returning to historical averages following several years of considerable growth.

Insights from Industry Leaders

David M. Sullivan, Jr., Partner and head of PKF O'Connor Davies’ Architecture and Engineering Practice, emphasized the importance of collaboration within the industry. He expressed gratitude to all participants for their vital contributions to the study, stating, “Your insights provide a clear view of the challenges and opportunities shaping the industry today.” This sentiment highlights the firm’s commitment to fostering strong relationships with its clients and industry experts, aimed at enhancing performance and aiding strategic planning for the future.

The dedicated AE team at PKF O'Connor Davies combines decades of industry knowledge to deliver specialized advice, tax solutions, and assurance services tailored to the unique challenges facing AE firms. Their primary goal is to empower clients to optimize performance while navigating the evolving business landscape confidently.

Accessibility of the Report

The 21st Annual Architectural and Engineering Studies can be accessed online at the official PKF O’Connor Davies website. Further, industry professionals are encouraged to subscribe to the firm’s Architecture and Engineering e-newsletter at pkfod.com to stay updated on the latest insights, events, and resources relevant to the AE sector.

About PKF O'Connor Davies

PKF O'Connor Davies stands as a trusted accounting, tax, and advisory practice with an established history of aiding both domestic and international clients. Their guiding principle, “Know Greater Value,” underscores the assurance clients feel when partnering with PKF O'Connor Davies. This commitment emphasizes delivering exceptional value, expertise, and service in all engagements. The firm operates under two separate entities: PKF O'Connor Davies LLP, a licensed CPA firm for attest services, and PKF O'Connor Davies Advisory LLC, which provides advisory and tax services.

For more detailed information on their offerings and insights shared through the studies, visit their website and connect with them on professional networks such as LinkedIn and X (formerly known as Twitter).