Gadget Engineering reposted this
PSA: Addressing the Harmful Impact of Pay-When-Paid in the AE Industry Pay-when-paid is a detrimental lending structure that negatively impacts return on equity for businesses in the architecture and engineering (AE) industry. If you want a positive return on equity in professional services, it's time to rethink generating massive ZIRP loans disguised as "accounts receivables." PermitZIP | MEP for CRE's software team, Gadget Engineering, is developing a solution to tackle this issue head-on. We will make a major announcement in September. Despite the central role of The American Institute of Architects (AIA) in shaping industry standards, their silence on this matter is concerning. As authors of most standard construction contract language, AIA's involvement is crucial. The invitation to join our podcast remains open, AIA! Let's have a conversation about creating #betterlending practices for the AE industry.
Good morning, The American Institute of Architects (AIA)! On day two of curating content just for you, I'm excited to share a special video invitation to join us as a guest on the #BlueprintTour podcast. We seek someone in a national leadership role to discuss the "pay when paid" policy, including its origins, recent changes, and future direction. This promises to be an enlightening experience for our entire industry. Please DM me here or on X (@blueprinttour) to connect. Have a wonderful weekend, and I look forward to hearing from you!