New research by FMI shows that nearly half of non-residential construction projects are being delivered by the design-build method.
Design-build is the fastest growing and most popular method to deliver nonresidential, highway/street, and water/wastewater construction projects in America. Among the key findings of the new research are:
— Design-build is anticipated to account for 44% of construction spending in the assessed segments (nonresidential, highway/street and water/wastewater) delivering $1.2 trillion in construction put in place by 2021.
— Design-build spending is anticipated to grow 18% overall, with the highway/street and water/wastewater sectors seeing 30% growth by 2021.
— Design-build spending in Manufacturing (16%), Highway/Street (14%), and Educational (15%) represent the greatest percentage of design-build construction spending by segment from 2018-2021.
— Experience with design-build was rated highest across all project delivery methods, with 76% of survey respondents reporting very good and excellent experiences.
— Opportunities to innovate and the ability to fast track a project were identified as top benefits associated with design-build.
Related Stories
Codes and Standards | Nov 17, 2016
Santa Monica, Calif., passes historic net-zero ordinance
Includes more stringent commercial, multifamily building standards.
Codes and Standards | Nov 14, 2016
Six more states approve legal marijuana, creating opportunities for developers
Federal prohibition complicates the picture.
Codes and Standards | Nov 14, 2016
Los Angeles voters approve billions to tackle traffic and homelessness
The approved measures will create new rail lines and permanent housing.
Codes and Standards | Nov 9, 2016
NRMCA updates environmental impacts of concrete
The EPD now includes 88 companies, 72 mixes.
Codes and Standards | Nov 9, 2016
Louisiana flood projections require urgent action, officials say
The 'no net loss’ prediction now seems unrealistic.
Codes and Standards | Nov 8, 2016
American Concrete Institute offers new guide for repair of concrete buildings
The guide provides assistance on assessment and rehab.
Codes and Standards | Nov 7, 2016
The AISC prequalified seismic moment connection standard is now available
You can download the 2016 version for free.
Codes and Standards | Nov 4, 2016
Obama Administration makes a push for denser, more affordable cities
The administration calls for zoning code changes and other measures to create more housing.
Codes and Standards | Nov 3, 2016
OSHA proposes safety standards changes to reduce employer costs
The changes include clarification on excavation standard and reporting job-related hearing loss.
Codes and Standards | Nov 2, 2016
New resources available to reduce plug loads using advanced power strips
A tenant education program can boost efficiency in office buildings.
