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
| Jun 14, 2012
USGBC co-founder launches rating system for building product manufacturers
U.S. Green Building Council co-founder David Gottfried’s new venture, Regenerative Ventures, has established a rating system for building product manufacturers.
| Jun 14, 2012
Green standard set for single-ply roofing membrane
A sustainability standard has been established for single-ply roofing membranes used on commercial buildings.
| Jun 14, 2012
Minnesota Vikings stadium plan gets legislative go-ahead
Legislation that approved the construction of a new billion dollar stadium for the Minnesota Vikings passed the Minnesota legislature.
| Jun 14, 2012
Report alleges New York’s prevailing construction wages are miscalculated, costing billions
A miscalculation in how prevailing wages are calculated in New York reportedly costs the state $3 billion a year in public-infrastructure projects.
| Jun 14, 2012
AGC, other business groups oppose hiring rules for disabled
Business groups have asked the U.S. Department of Labor to reconsider a proposed hiring quota aimed at federal contractors pertaining to people with disabilities.
| Jun 5, 2012
HP Labs aims for net-zero energy data centers
Building sustainable data centers is one of the goals of HP Labs, and it believes technology, combined with the right building techniques, could result in the construction of energy-efficient data centers.
| Jun 5, 2012
USGBC delays LEED 2012; renames it LEED v4
In response to concerns by LEED users, the U.S. Green Building Council (USGBC) announced that it will delay the ballot on LEED 2012 until June 1, 2013.
| Jun 5, 2012
Baltimore officials vow to block $1.8 billion urban renewal project
Baltimore officials want to block a $1.8 billion urban renewal project until more neighborhood residents and minority contractors are hired and displaced residents can benefit from the revitalization.
| Jun 5, 2012
OSHA launches campaign to warn of heat dangers in outdoor work
The Occupational Safety and Health Administration has begun a campaign to warn outdoor workers about the dangers of heat exposure.