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Business and Management: Managing Professional Fees

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Business and Management: Managing Professional Fees

Journal Article by ASHRAE, 2003

By William J. Coad, P.E., Presidential Member/Fellow ASHRAE

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A business plan's financial aspects have three components or, more simply, “lines:” the top line, revenue; the middle line, expenses; and the bottom line, profit. These three lines are intrinsically related. Since the fee is an integral component of the top line, what can engineers do with fees to enhance our revenue?

Citation: ASHRAE Journal, vol. 45 no. 10, October 2003