Related Links: Construction Industry Institute CII Highlights Safety Studies,Broadens Outreach Efforts After analyzing the performance of 975 light and heavy industrial projects in its benchmarking database, the Construction Industry Institute found that only 5.4% met "best in class" predictability in terms of cost and schedule. While it is no surprise that over-budget and behind-schedule jobs pose problems for owners, the report also concludes that projects under budget and ahead of schedule create a missed opportunity for owners because money set aside for such projects cannot be invested in other ways. DORANThis report is a way of showing the value of
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.