Related Links: Online database of stalled projects Stalled Construction Projects and Financing In an effort to try to relieve some of the stress of the recession in construction, the American Institute of Architects is becoming an online matchmaker, of sorts. On Nov. 7, the AIA launched a stalled-projects online database intended to hook up developers, architects and other industry leaders with investors and funders to restart mothballed U.S. building projects. The find-a-business-partner initiative is designed to help architects and their clients find a solution to the “primary issue plaguing the design and construction industry—access to credit,” says the AIA.“The Match.com
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.