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

| Jul 18, 2012

Architecture giants spreading their wings

A/AE Giants 300 rankings reveal firms branching out globally, merging, adding services.

| Jul 18, 2012

Green expert Kats joins GreenWizard as an advisor

Kats' role is to help further expand GreenWizard’s impact in the sustainable construction industry.

| Jul 18, 2012

Construction employment stagnates in June

Lack of hiring in construction combined with job growth elsewhere threatens to create skilled-labor gap once contractors are ready to hire again.

| Jul 17, 2012

AIA and Architecture for Humanity select Disaster Response Grant recipients

Awards help each group implement their locally driven preparedness project in the second half of the year.  

| Jul 17, 2012

KM/Plaza changes name to Plaza Construction

Lands new projects including the Perry South Beach Hotel and Dadeland Mall Kendall Wing Expansion.

| Jul 17, 2012

KBE Building awarded Platinum STEP Award

STEP program provides analysis of safety and loss prevention programs, measure safety program improvements, and provide performance recognition.

| Jul 17, 2012

Dr. Phillips Charities Headquarters Building receives LEED Silver

The building incorporates sustainable design features, environmentally-friendly building products, energy efficient systems, and environmentally sensitive construction practices.

| Jul 16, 2012

BD+C Under 40 Leadership Summit scheduled

Attendee registration for U40 Summit II now open.

| Jul 16, 2012

Construction spending at 2 ½ year peak

Construction economist Ken Simonson says that four private nonresidential categories each posted 12-month spending increases of more than 25%: power and energy construction, 35%; hotels, 29%; educational and manufacturing, 27% apiece.

| Jul 16, 2012

Reed Construction hires new project manager

Fread is a LEED AP and received his degree from Purdue University.

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