Design

New Research Shows Design-Build Growth Continues Despite Market Challenges

Orignally published on 2021-09-28 10:07:30 by www.prnewswire.com

WASHINGTON, Sept. 28, 2021 /PRNewswire/ — When researchers at FMI first looked at design-build utilization in 2018, the news confirmed what many in the industry knew first-hand, design-build wasn’t an “alternative delivery process” anymore. New market analysis forecasting the next five years, 2021-2025, shows that is especially true today as impressive design-build growth will continue, despite unprecedented COVID-19 challenges

“This latest research confirms that as growing numbers of teams use design-build in all sectors, regions and project sizes, their successes are driving growth and innovation. Design-build is changing the way America builds. More than ever, as our nation considers the passage of historic infrastructure investment, it’s clear design-build will play a significant role in delivering the nation’s most time and cost-efficient projects to our communities. Just when we need it most.”…Lisa Washington, CAE, DBIA Executive Director/CEO

The data on the design-build industry’s growth is impressive. Design-build has seen increased usage in all sectors and regions of the United States, and the industry has also witnessed extraordinary project outcomes and innovation across all sectors. The FMI Design-Build Market research provides detailed geographic and sector data, including market analysis and projections. The full report is available online here, and highlights are below.

Market Growth – Now and Into the Future   

  • Overall, design-build is anticipated to account for as much as 47% of construction spending in the assessed segments (nonresidential, highway/street, transportation and water/wastewater) by 2025.
  • While national construction put in place spending for 2020 and 2021 saw a decline, design-build construction spending for these COVID years saw slight upticks of 1.3% in 2020 and an estimated .5% increase in 2021. It’s projected that design-build will also outperform national growth rates by 1.6% over the 2021-2025 window delivering $1.7 trillion in construction in the assessed segments during the same time frame.
  • Design-build spending in Highway/Street, Education and Manufacturing represents the greatest percentage of design-build construction spending by segment over the 2021-2025 period.
  • The West South Central (8.8%), South Atlantic (8.6%) and Middle Atlantic (8.2%) census divisions are anticipated to yield the highest annual growth rates.
  • Design-build spending is anticipated to grow 34% overall, with the water/wastewater sector showing the highest annual growth (11.1%). 

Design-build Earns Highest Satisfaction Rankings

  • Experience with design-build was rated highest across all project delivery methods, with 77% reporting very good and excellent experiences.
  • The ability to fast track, innovate and increase project collaboration/communication were identified as top benefits of design-build.

Additional Insights: Owner Advisors, MWDBE and Progressive Design-Build

  • More than 60% of Owners employ an Owner Advisor across each project phase.
  • Respondents say design-build encourages greater Minority/Women/Disadvantaged Business Enterprise(MWDBE) participation.
  • Interest in Progressive Design-Build (PDB) is growing, with the Pacific region (40%) showing the highest percentage of PDB procurements.

The author of this research, FMI Senior Consultant Paul Trombitas, and a panel of design-build experts will host a webinar with details on these findings.

FMI Design-Build Research Webinar
Wednesday, September 29th
1:00 pm (Eastern)
Register

The Design-Build Institute of America is the nation’s expert on design-build project delivery. Our members, including architects, engineers, owners, contractors, manufacturers (and more), are shaping the future, one successful collaboration at a time by practicing Design-Build Done Right®.

Media Contacts:
Kim Wright, Strategic Communications Director
O: (202) 454-7531/C: (703) 244-5692
[email protected]

Aja Neal, Communications Associate
Office: (202) 454-7519
[email protected]

Facebook | Twitter | LinkedIn | Instagram

SOURCE Design-Build Institute of America

Related Links

https://dbia.org/

Orignally published on 2021-09-28 10:07:30 by www.prnewswire.com

Back to top button