Your Firm
Of all the various factors design professionals should consider when evaluating potential risks for a project, arguably the most important and the one design professionals have the most control over is their own firm. Self-evaluation as to whether a project is one that a firm can manage is a crucial question in evaluating potential risks.
One possible result of firms taking on projects without adequate capacity to do so or experience with a particular project type could be documents that did not meet the professional standard of care or the firm’s quality standards, which may lead to claims.
Historical data and the charts below indicate that the frequency of claims for architects and engineers has been rising in recent years. It has been suggested by some experts that one factor that may be contributing to this increase in frequency is the rapid pace of construction during this period and design firms taking on projects that they do not have the capacity to manage properly.
Using the factors on the following pages as they relate to your firm can help identify potential areas of risk.
Architects: Claims Frequency per 100 Firms
Engineers: Claims Frequency per 100 Firms
25
5 10 15 20 25 30 35 40
20
15
10
5
0
0
2015 2016 2017 2018 2019 2010 2011 2012 2013 2014
2015 2016 2017 2018 2019 2010 2011 2012 2013 2014
33 • From Risk to Profit - Benchmarking and Claims Studies
Victor
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