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
| Mar 19, 2013
Boston mayor’s energy efficiency disclosure rule under fire
A proposed ordinance in Boston mandating energy audits is coming under criticism from the Greater Boston Real Estate Board and others as being too costly and intrusive.
| Mar 18, 2013
USGBC to GAO: 'Schools need over $271 billion in maintenance fixes'
The Center for Green Schools at the U.S. Green Building Council (USGBC) has released its first “State of our Schools” report, highlighting the critical need to modernize school facilities to meet current health, safety and educational standards.
| Mar 14, 2013
Survey: Market demand now key driver for green construction
Construction firms across the world expect 60% of their projects to be environmentally friendly by 2015, according to the SmartMarket Report of McGraw-Hill Construction.
| Mar 14, 2013
Possible tax code changes prompt action from various industries, including construction
With Congress potentially tackling tax reform, businesses, trade groups and others are jockeying to get their voices heard.
| Mar 14, 2013
Concrete Polishing Association of America releases new standards
The Concrete Polishing Association of America(CPAA) Standards Committee, which reflects a cross-section of the concrete polishing industry, has created terminology to define the products and processes used to produce insitu polished concrete.
| Mar 14, 2013
World Green Building Council: Green buildings help mitigate real estate risk
Green buildings can offer benefits to a wide array of stakeholders throughout their life cycle, according to a report released by the World Green Building Council.
| Mar 14, 2013
Sustainability index aims to evaluate REITs on the greenness of their properties
FTSE Group, the National Association of Real Estate Investment Trusts, and the U.S. Green Building Council are working on a sustainability index that measures the portfolios of real estate investment trusts to provide transparency about LEED certification and Energy Star ratings.
| Mar 6, 2013
OSHA: Employers must post injury and illness summaries
The Occupational Safety and Health Administration is reminding employers to post OSHA Form 300A, which lists a summary of the total number of job-related injuries and illnesses that occurred during 2012.
| Mar 6, 2013
Study provides guidance to states on linking utility efficiency programs with energy codes
As states increasingly look to utilities to play an active role in supporting building energy codes, a new report from a coalition of energy efficiency advocates, has been issued to provide guidance for how state regulatory commissions and energy offices can best develop and evaluate such efforts.
| Mar 6, 2013
Triple-pane windows, heat pumps part of New York’s plan to meet 2050 emissions goal
Renovations providing better insulation, triple-paned windows, heat pumps and other techniques that minimize heat loss and save on energy use for residential and commercial buildings are key to New York City’s goal of reducing its carbon emissions by 90% by 2050.
