Professional Indemnity Proposal Form For Design And Construction Firms: Fill & Download for Free

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PDF Editor FAQ

What is a good amount of time for a young architect to practice with an established studio before starting his/her own firm?

That's an interesting question!It's not about a specific amount of time, it's about whether one has the confidence, skills and experience to carry out one's duties competently and professionally without putting the client (and his money) at risk.This will depend on the quality of your post-qualification training. If you haven't run your own project before, from start to finish, one might argue that if you propose to do this with a client's money , you are being reckless and incompetent.You could mitigate this by employing people with the skills and experience to reduce or eliminate the risk. Alternatively, you might be able to link your practice to another in some kind of mentoring arrangement.You might be lucky enough to gain enough experience within 3 years, but personally, I think that 5 years would be far too soon!It's not just about understanding the professional duties, it's also about managing workload, finances and resources and all the other aspects of running a business.I have been qualified for over 20 years, but the prospect of starting my own practice would terrify me! Generating work, managing cashflow, profit and loss, recruitment, IT, professional indemnity insurance, borrowing money, and balancing all these things and doing them well at the same time as designing and managing construction of building projects and doing this well, along with being there to support and spend time with my family is something I don't think I can do.

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