Leading construction management and merger & acquisition consultant FMI Corp. projects the design-build delivery method accounting for 47 percent of construction spending by 2028, surpassing $1.1 trillion in total outlays over the next five years. Prepared for the Design-Build Institute of America (DBIA) in Washington, D.C., the FMI 2024 Design-Build Utilization Study spotlights these factors impacting architectural/engineering/construction stakeholders in the…
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Study confirms sustained growth for design-build project delivery
Source: Design-Build Institute of America, Washington, D.C. Leading construction management and merger & acquisition consultant FMI Corp. projects the design-build delivery method accounting for 47 percent of construction spending by 2028, surpassing $1.1 trillion in total outlays over the next five years. Prepared for the Design-Build Institute of America (DBIA), the FMI 2024 Design-Build Utilization Study spotlights these factors impacting…
Read MoreEngineers’ positive market projections inch upward
The American Council of Engineering Companies’ newest Engineering Business Sentiment report shows engineering firm executives have an extremely positive outlook on their firms’ financial standing (+86), the industry (+83), and the U.S. economy (+39). Optimism about the U.S. economy, specifically, has increased four points from last quarter and is up 54 points from its low of -15 in Q3 2022.…
Read MoreUL Verified Healthy Building Program raises indoor environmental quality
UL Solutions’ new Verified Healthy Building Mark for New Construction empowers industry professionals and their clients to differentiate new construction projects and support the health and wellness of future occupants. The verification service is available for various new construction, redevelopment or tenant improvement projects, including commercial, industrial and multi-family residential buildings. “People are becoming more aware of how indoor air,…
Read MoreDesign-Build Institute stresses collaboration, procurement to project execution
Source: Design-Build Institute of America, Washington, D.C. The Design-Build Institute of America’s updated Design Excellence Position Statement emphasizes collaboration between design and construction professionals through all project delivery stages, from procurement and development through execution. Understanding the design community’s changing needs, the statement introduces five lenses to help provide a framework for evaluating design excellence: • Integration & Collaborative Process. Emphasizing…
Read MoreInstitute revises Federal Acquisition Regulation, Design-Build references
The Design-Build Institute of America has updated its Design-Build Done Right Federal Sector Best Practices, offering a comprehensive guide for teams navigating the intricacies of federal project delivery. Understanding the Federal Acquisition Regulation (FAR) and adhering to the right practices can be the key to a successful design-build project, DBIA contends, and the revised Best Practices document provides such guidance.…
Read MoreDesign-Build Institute revisits project benchmark reference
Sources: Design-Build Institute of America, Washington, D.C.; CP staff The new Design-Build Institute of America Project Delivery Primer provides owners information regarding contract structure and terms. Authors combine two previous DBIA resources, What is Design-Build? and Choosing a Project Delivery Method, to reflect changes in building and infrastructure work, chiefly the growth of design-build and decline of the traditional design/bid/build…
Read MoreFMI report: Design-build method nears half of nonresidential construction spending
Sources: Design-Build Institute of America, Washington, D.C.; CP staff FMI Consulting forecasts continued growth of design-build project delivery over the next three years, despite recent industry challenges and market volatility. Researchers behind the FMI Design-Build Institute of America Mid-Cycle Update Report assess construction spending across four U.S. Census Bureau regions in respective building and nonbuilding segments: manufacturing, commercial, educational, office…
Read MoreFMI research traces continued growth for design-build delivery
Source: Design-Build Institute of America, Washington, D.C. When they first looked at design-build utilization in 2018, researchers at North Carolina-based management consultant FMI confirmed what many in the industry knew first-hand: the project delivery was beyond an “alternative process.” The firm’s new market analysis, forecasting 2021-2025 project activity and prepared for the Design-Build Institute of America (DBIA), underscores the initial…
Read MoreFMI study traces design-build trajectory in buildings, infrastructure
Sources: Design-Build Institute of America, Washington, D.C.
Design-build is the fastest growing and most popular method of delivering nonresidential and non-building projects, according to “Design-Build Utilization: Combined Market Study,” prepared by construction-wise management consultant and merger & acquisition specialist FMI and posted here.
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