As Robert A. Peck returns to the headquarters of the General Services Administration as Public Buildings Service commissioner, he may have some déjà vu moments. Peck, whose new appointment as PBS chief was announced on Aug. 10, held that job from 1995 to 2001. Once again, he will be in charge of design, construction and management for the 354 million sq ft of offices, courthouses and other facilities Uncle Sam owns or leases. He says it’s “the best job in real estate.” But the situation is very different from that of a decade ago. The recession has hit construction hard,
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.