Architect Practice Business for sale in Australia

Only if state requirements remain satisfied. Check registration of the entity and practising architects, plus the responsible, nominated or architect director arrangements. Notify relevant boards and obtain new approvals before key personnel or ownership changes remove required supervision.

Review current and historical policies, limits, exclusions, notifications and retroactive dates against the practice's project history. Confirm the purchased entity and continuing architects remain insured, and arrange run-off responsibility for claims arising from designs completed before the acquisition.

Check each client agreement for assignment, change of control, termination, novation, copyright and document-use rights. Obtain consent where required and confirm you receive complete drawings, models, approvals, consultant records and correspondence needed to continue the commission.

Reconcile timesheets and invoices by project, stage and employee. Test unbilled time against completed deliverables, fee caps, variations and likely collection, then deduct hours needed to finish fixed-fee stages and resolve client disputes or design rework.

Verify registrations, continuing professional development, employment terms and project responsibilities for principals and senior designers. Identify clients dependent on one architect, confirm retention plans, and assess whether the remaining team can supervise, certify and deliver the existing workload.

Compare billed fees, productive hours, utilisation, write-offs and collections by project and employee. Adjust reported profit for principal design time, unpaid proposals, software, insurance, consultants, bad debts and the market cost of replacing any departing registered architect.