Architecture and engineering firms throughout Australia and New Zealand are missing out on invoicing up to 30 percent of their billable hours, according to a new survey which also reveals that firms throughout the two countries are generally confident about growth prospects and are mainly pursuing growth through organic means rather than acquisition.

Conducted by research service firm Ipsos Synovate on behalf of Virginia based enterprise resource planning outfit Deltek and Perth technology firm Smart Software, the Trends & Challenges in Architecture and Engineering International Report 2014 reveals that practices in architecture and engineering are missing out on vast amounts of revenue as…