Owner Interest in Sustainable Design Encourages the At-Risk Approach
For firms delivering construction management on an at-risk basis, this seems to be the best of times. “In our markets, construction managers are turning down more work than they say yes to, and the specter of owners chasing contractors gives one pause,” says Bart Eberwein, vice president of marketing at Hoffman Construction Co.
This opinion is borne out in the combined revenue figures for ENR’s Top 100 CM-at-risk firms. Total CM-at-risk revenue for the group rose in 2006 to $74.10 billion, up 17.4% from $63.10 billion in 2005. But even more surprisingly, although international CM-at-risk revenue actually fell 6.3% from 2005 to 2006, domestically it rose 20.1%, to $67.73 billion, in 2006.