Circle of Excellence: 2023 Best Practices Benchmark Summary
Publisher: PSMJ Resources, Inc.
Date Published: 2023
Congratulations to PSMJ's 2023 Circle of Excellence firms!
ADF Engineering, Inc.
Each year, PSMJ's A/E/C Circle of Excellence honors the highest performing firms in our annual A/E Financial Performance Benchmark Survey, based on a diverse set of 13 key metrics.
Rather than focus only on near-term growth rates or profit margins, which are not always the best indicators of solid financial and operating performance, the Circle of Excellence benchmark data is based on the top 20 percent of firms with the best multi-dimensional overall business performance.
Now you can get immediate access to the numbers these top-tier firms hit when you download the all-new 2023 Circle of Excellence Best Practices Benchmark
If you want to set the bar high to increase profitability, attract top talent, position your firm as a more attractive buyer or seller in the M&A game, and start focusing on the metrics that really matter...your next level of success starts here!
Together, survey data on these 13 benchmarks revealed in this summary report encompass critical aspects of A/E/C business operations including cash flow, overhead control, business development, project performance, staff utilization, and overall profitability. In addition to the numbers, your Summary Report includes expert analysis, to help you weigh factors, examine your firm's data to make true apples-to-apples comparisons, and drive breakthrough decisions with lasting positive impact!
An analysis of the benchmark results reported by the Circle of Excellence firms indicates superior performance across the board. Firms in this prestigious data set have...
- Higher direct labor multipliers generated from project operations
- Lower overhead rates
- Higher utilization of staff members on projects
- Faster invoice collection times for enhanced cash flow
- Higher growth rates in both staff size and gross revenues
- Lower turnover rates
- Higher profit margins
- Higher returns on overhead and working capital
- Higher net revenues earned for each staff member
- More backlog as a percentage of net revenues
Ready to start your firm on the road to achieving these best-in-class results? You need the 2023 Circle of Excellence data at your side in your next Principals' Meeting!