The traditional Design-Bid-Build delivery process is under considerable stress this year as materials shortages and cost spikes are upending usual practices, according to a new report from JLL.
Delays are “pretty much universal,” a JLL executive says. “Volatility around materials is hitting developer’s wallets at a higher rate than initially anticipated earlier this year,” according to the report.
Customarily, materials purchasing was the last step in the process, but building teams have had to adjust to the new environment by purchasing much sooner. Project managers are involved early in the design phase, and once they have a general idea of specs, they place orders for materials.
Having a cohesive team of designers, architects, contractors, and market researchers is more critical than ever for project success—even on smaller projects. Such an assemblage working in concert can account for fluctuating materials costs and establish realistic timelines to execute the project while minimizing costs and maximizing efficiency.
Related Stories
| Oct 11, 2011
Onex completes investment in JELD-WEN
With the completion of the JELD-WEN investment, Onex Partners III is approximately 40% invested.
| Oct 7, 2011
GREENBUILD 2011: Demand response partnership program announced at Greenbuild 2011
Program will use USGBC’s newly revised LEED Demand Response credit as an implementation guideline and leverage its relationships with the building community to foster adoption and participation in existing utility and solution provider demand response offerings.
| Oct 7, 2011
GREENBUILD 2011: Otis Elevator announces new contracts for sustainable building projects
Wins reinforce Otis’ position as leader in energy-efficient products.
| Oct 7, 2011
GREENBUILD 2011: UL Environment releases industry-wide sustainability requirements for doors
ASSA ABLOY Trio-E door is the first to be certified to these sustainability requirements.
| Oct 7, 2011
GREENBUILD 2011: Otis Elevator introduces energy-efficient escalator
The energy-efficient NCE escalator from Otis offers customers substantial “green” benefits.
| Oct 7, 2011
GREENBUILD 2011: Schools program receives grant to track student conservation results
To track results, schools will use the newly developed Sustainability Dashboard, a unique web-based service that makes tracking sustainability initiatives affordable and easy.
| Oct 7, 2011
GREENBUILD 2011: Transparent concrete makes its North American debut at Greenbuild
The panels allow interior lights to filter through, from inside.
| Oct 6, 2011
GREENBUILD 2011: Growing green building market supports 661,000 green jobs in the U.S.
Green jobs are already an important part of the construction labor workforce, and signs are that they will become industry standard.
| Oct 6, 2011
GREENBUILD 2011: NEXT Living EcoSuite showcased
Tridel teams up with Cisco and Control4 to unveil the future of green condo living in Canada.
| Oct 6, 2011
GREENBUILD 2011: Kingspan Insulated Panels spotlights first-of-its-kind Environmental Product Declaration
Updates to Path to NetZero.