From purchasing processes to payment policies, BOH consulted design industry experts on how to ensure a firm functions smoothly as money changes hands for product and services.

T

here comes a time in every design project when inspiration has been assembled, floor plans have been drawn, selections have been made, and the final scheme
has fallen into place. Next up: purchasing. From the outside, clients often think this is the easy part. If only. Instead, the purchasing process introduces a host of new complexities—and as a firm’s projects grow, the stakes only get higher. An accounting error, a misplaced order or a faulty payment can cause a job to fall apart. To determine what to do as money passes from client to designer to vendor, BOH asked experts to share the best practices for getting the cash to flow quickly and efficiently every single time.