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As economic volatility and turbulence send ripples through the industry, Helen Castle, director of publishing and content at the RIBA, explains why practices mustn’t let up on their longer-term business thinking
RIBA has a responsibility to support and advance the practice of architecture, it’s written in our charter, and implicit in this is the overriding responsibility to ensure members are as well informed as possible about all aspects of the profession, including the commercial and economic context in which they operate.
Architecture practices and sole practitioners have always faced financial challenges, but what seems unique right now is how the challenges seem increasingly to compete for attention. The current downward pressures on fees and upward drivers on costs have made it hard for many to turn a profit.
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