
Conversion rates. I'm not talking about dollars to euros here. I am talking about the number of proposals that are converted into real revenue generating projects. For our small firm in the Boston area, we have converted more than 70% of the Design-Build proposals we submitted over the last 2 years into actual jobs. This compares with a success rate of less than 20% on traditional "Design-Bid-Build" projects that we have pursued. It is true that writing a successful proposal is time-consuming, but the return is nothing short of remarkable. I will go out on a limb here and predict that this model will be adopted by more and more architectural signage companies, and I would not be at all surprised to see EGD firms sticking their toes into the water as well.