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Owners frequently call in professional services firms to streamline projects to completion and keep a pulse on the market. Lately, firms agree, that pulse is racing. Projects shelved last year are quickly rebooting while newer, more complex construction programs fill pipelines, driving many owners to seek support beyond their usual teams to manage the volume.
Revenue for construction management-at-risk and design-build delivery reached all-time highs before the pandemic plagued the market. But this year’s company rankings tell a more complicated story about alternative project delivery during a crisis.
What happens when a business consistently tells Wall Street it is going to construct a specific amount of capital improvements each year but consistently misses?
Clients are no longer requesting, but demanding, a broader array of services as fewer owners have the capacity to manage construction programs from the earliest stages of planning to the operation of the completed facilities.