Concrete Products

JUL 2018

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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18 • JULy 2018 www.concreteproducts.com NEWS SCOPE CONSTRUCTION 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. Analysts at the Raleigh, N.C., firm assess the near-term outlook for nonresidential, highway/street and water/wastewater con- struction markets, leveraging figures from internal project databases, CMD Reed, Dodge Data & Analytics, U.S. Census Bureau and major associations, plus insights from stakeholder surveys. By 2021, design-build stands to account for 44 percent of construc - tion spending in the three segments, analysts find, equating to $1.2 trillion in construction put in place. Design-build project spending is anticipated to grow 18 percent overall, with the highway/street and water/wastewater sectors seeing 30 percent growth by 2021. Manufac- turing (16 percent), Highway/Street (14 percent) and Educational (15 percent) represent the greatest percentage of design-build construc- tion spending by segment over the 2018-2021 period. Experience with design-build rates highest across all project delivery methods, with 76 percent telling FMI researchers of very good and excellent experiences. "This research is incredibly important as design-build transitions from what used to be considered an 'alternative delivery' process, to the preferred delivery method for a growing number of public and private owners," says Design-Build Institute of America CEO Lisa Washington. "Collaboration and innovation are delivering better projects that also achieve cost and schedule savings, which is especially important as cash-strapped states and communities have to do more with less." Design-build outgrows "alternative delivery" label MARKET SHARE, 2018-2021 FMI researchers quantify design-build delivery in public and pri- vate nonresidential construction, breaking out method utilization rates for a) highway/street, transportation and water/wastewater projects; and, b) commercial, educational, manufacturing, office, health care, lodging, and amusement & recreation buildings.

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