- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 11 May 2015
Benchmarking as business tool
To help develop this article, click 'Edit this article' above.
- Financial performance indicators.
- Day-to-day management systems.
- Business development.
- Human resources issues.
The RIBA provides a benchmarking service based on an annual survey of the UK architect’s profession. This annual benchmarking survey provides vital business knowledge about how a practise compares to others across a broad spectrum of criteria. Practises are able to make comparisons with the average data provided for practises of similar size, type and region. This allows them to identify areas of strength weakness and opportunity, and to develop a strategy that aims for improvements on a yearly basis.
Benchmarking is also a process that takes into consideration the estimated performance of a project and if costs are been compared, can highlight areas of design that do not offer good value for money. It can also aid in the assessment of tenders from suppliers and contractors, creating a baseline for a cost/ value led approach to procurement. For more information see project benchmarking.
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
Resolving quickly to minimise delay and costs.
Tackling domestic abuse.
Disallowed costs vs. defined costs. Which is which?
Coping with the loss of local authority conservation services.
Remedial works could save the NHS £95 million a year.
One of Europe’s largest waterfront transformations.
How BIM was used to produce an information model of a home.
Skyscrapers of the future will be built of wood.
How to increase your chances of winning.
Benefits, not cost, should be the focus.