RALEIGH, NC, January 03, 2019 /Manufacturing PR News/ -- FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its latest research report, "The Growing World of Design-Build." This white paper is based on research conducted for the Design Build Institute of America (DBIA) and highlights key trends in the North American design-build market. The author also explains why many owners are transitioning to this project delivery method and provides practical recommendations for engineering and construction (E&C) firms to set themselves up for successful design-build projects.
Paul Trombitas, senior FMI consultant and lead researcher, states, "On track to account for $1.19 trillion in construction spending through 2021, design-build presents opportunities and challenges for the E&C industry. With more agencies adopting the design-build model, the future looks bright for this project delivery method. From an industry perspective, alternative project delivery methods have become a more frequent option for both public and private owners."
Key statistics include:
вЂў Design-build will comprise 44% of construction spending between 2018 and 2021. During this time, design-build construction spending will grow by 18% and reach over $320 billion.
вЂў Geographically, the Mountain (6.3%), Pacific (6.1%) and South Atlantic (6.2%) census divisions will yield the highest design-build growth rates between 2018 and 2021.
вЂў In the DBIA study, experience with design-build was rated highest across all project delivery methods, with 76% reporting very good and excellent experiences.
вЂў In addition to larger and more complex projects, design-build continues to expand into project sizes of less than $25 million, as owners continue to gain exposure to the benefits of the delivery method.
To access FMI's design-build white paper, please click here.
For over 65 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
FMI serves all sectors of the industry as a trusted advisor. More than six decades of context, connections and insights lead to transformational outcomes for clients and the industry.
FMI helps you build your foundation for tomorrow and optimize your business for today. Industry Focus. Powerful Results.
For more information, please visit https://www.fminet.com/.
Press release service and press release distribution provided by http://www.24-7pressrelease.com