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 | Oct 18, 2019
St. Louis could save $61 million per year in energy costs by improved building performance
GHG gases can be reduced by at least 11% with upgrades to public buildings and large private buildings.
Codes and Standards | Oct 17, 2019
Slow payments cost GCs and subs $64 billion annually
Study finds 51-day average payment turnaround.
Codes and Standards | Oct 16, 2019
Cool pavement can make people hotter
Reflective coatings channel sunlight raising temperatures where pedestrians walk.
Codes and Standards | Oct 15, 2019
Utah adopts 2018 International Energy Conservation Code
Provisions include increased building envelope performance and reduced air infiltration.
Codes and Standards | Oct 14, 2019
States continue to beef up energy efficiency codes
ACEEE 50-state scorecard finds latest IECC code gaining adherents.
Codes and Standards | Oct 9, 2019
DOE releases Better Buildings Healthcare Financing Primer
Outlines financial strategies to implement energy-efficiency projects in healthcare.
Codes and Standards | Oct 8, 2019
Zero Carbon Buildings for All aims for ambitious emission reduction targets
Organization makes commitment to net zero carbon for all buildings by 2050.
Codes and Standards | Oct 7, 2019
Tailgating remains a critical building security threat, say security professionals
Few buildings provide beefed up provisions to counteract threat.
Codes and Standards | Oct 7, 2019
New seismic standard to evaluate, retrofit existing structural steel buildings open for review
AISC seeks input through Nov. 4.
Codes and Standards | Sep 27, 2019
Open source tool allows comparison of embodied carbon emissions from construction materials
Enables carbon-smart choices during material specification and procurement.