A recent report by FMI Consulting projects continued growth for the design-build construction delivery method despite challenges facing the industry. Design-build, which combines both design and construction under one contract, has seen a rise in popularity in recent years due to its potential for increased efficiency and reduced costs.
The report notes that while design-build has seen significant growth in certain sectors such as transportation and water infrastructure, there are challenges facing the industry that could impact its growth. These challenges include a shortage of skilled labor, rising material costs, and increased competition.
Despite these challenges, the report predicts that design-build will continue to grow due to its ability to provide cost and time savings to clients. The report also suggests that technology will play a crucial role in the growth of design-build, with advancements such as Building Information Modeling (BIM) and virtual design and construction (VDC) improving efficiency and reducing costs.
The report also notes that the success of design-build will depend on the ability of contractors to adapt to changing market conditions and adopt innovative solutions. This includes partnering with technology providers and investing in training to build a skilled workforce.
The report concludes that while challenges facing the construction industry may impact the growth of design-build, the method’s potential for increased efficiency and reduced costs make it an attractive option for clients. With the right investments in technology and workforce development, the design-build delivery method can continue to see growth and success in the industry.