flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Most top U.S. contractors rarely deliver projects on time: new study

Contractors

Most top U.S. contractors rarely deliver projects on time: new study

Struggles with supply chain disruptions, construction costs, and new sustainability requirements cause delays, according to a new study by XYZ Reality.


By Peter Fabris, Contributing Editor | June 26, 2023
Photo by Ricardo Gomez Angel on Unsplash
Photo by Ricardo Gomez Angel on Unsplash

About 63% of leading U.S. contractors are delivering projects out of schedule, according to a survey of over 300 C-suite executives and owners in the construction industry by XYZ Reality.

The study implies that the industry is struggling with significant backlogs due, in part, to avoidable defects, scan, and rework. The construction sector is also hampered by supply chain disruptions (cited by 52% of respondents), rising construction costs (43%), and meeting new sustainability requirements (36%).

Other reasons cited for falling short of schedule benchmarks include poor communication (45%), inexperienced workers (39%), and insufficient supervision (34%). This data suggests that a significant amount of human error is to blame, XYZ notes.

Design changes, or the misinterpretation of them, were also cited by about a quarter of respondents. To control costs and cope with industry challenges, contractors are increasingly looking to technology solutions such as augmented reality.

Related Stories

| Sep 6, 2012

CPPI awarded $30.3 million contract for University of Florida’s Harrell Medical Education Building

The specialized interdisciplinary learning environment will serve as a focal point for integration and program development for all primary care educational activities in the College of Medicine.

| Sep 5, 2012

Skanska tops out residence hall complex at the University of Delaware

Construction firm achieves structural milestone for $71 million student housing expansion project.

| Sep 5, 2012

AECOM acquires BKS and KPK

Firm expands operations into South Africa and Asia.

| Sep 5, 2012

BehrPro introduces Web Enabled Business model

Free platform offers website development resource for industry professionals.

| Aug 30, 2012

Holcim (US) announces new Deputy Chief Executive Officer

Ruiz began his career with the Holcim Group in 1986 as electrical supervisor with Holcim Apasco, Mexico, later becoming plant manager.

| Aug 30, 2012

John S Clark Co. completes teaching lab at UNC Wilmington

Three-story building provides offices, classrooms, and labs.

| Aug 29, 2012

BOND completes South Cove Community Health Center

$11 million, 21,000 square foot community health center opens in Quincy, Mass.

| Aug 28, 2012

McCarthy begins construction on transportation center at Bob Hope Airport

Designed to meet LEED silver certification standards, the facility will feature unique, above ground base isolators that will resist a maximum credible earthquake.

| Aug 21, 2012

Under 40 Leadership Summit slated for October 3-5 in Chicago

Attendees will be given an exclusive technical tour of Wrigley Field, led by Steven J. Jacobsen, CDP, who has been retained by the Chicago Cubs to create the business plan and high-level concepts to evaluate the feasibility of various renovation options for this iconic sports venue; and Carl Rice, Cubs’ Vice President, Baseball Operations.

| Aug 21, 2012

Stellar wins four ABC Excellence In Construction awards

ABC's Excellence In Construction program is the industry’s leading award competition, recognizing outstanding construction projects in a variety of categories.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021