flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Most top U.S. contractors rarely deliver projects on time: new study

Contractors

Most top U.S. contractors rarely deliver projects on time: new study

Struggles with supply chain disruptions, construction costs, and new sustainability requirements cause delays, according to a new study by XYZ Reality.


By Peter Fabris, Contributing Editor | June 26, 2023
Photo by Ricardo Gomez Angel on Unsplash
Photo by Ricardo Gomez Angel on Unsplash

About 63% of leading U.S. contractors are delivering projects out of schedule, according to a survey of over 300 C-suite executives and owners in the construction industry by XYZ Reality.

The study implies that the industry is struggling with significant backlogs due, in part, to avoidable defects, scan, and rework. The construction sector is also hampered by supply chain disruptions (cited by 52% of respondents), rising construction costs (43%), and meeting new sustainability requirements (36%).

Other reasons cited for falling short of schedule benchmarks include poor communication (45%), inexperienced workers (39%), and insufficient supervision (34%). This data suggests that a significant amount of human error is to blame, XYZ notes.

Design changes, or the misinterpretation of them, were also cited by about a quarter of respondents. To control costs and cope with industry challenges, contractors are increasingly looking to technology solutions such as augmented reality.

Related Stories

Contractors | Mar 9, 2018

Undoing 5 myths of IPD and Lean construction

The Lean Construction Institute, one of this year’s Movers+Shapers, has been sponsoring valuable research recently.

Contractors | Mar 6, 2018

Skender revolutionizes how the industry builds, integrates design, construction, and manufacturing

Envisioning a radically more efficient future for the building industry, Skender announces its expansion beyond construction, becoming a vertically integrated company including construction, design and building component manufacturing functions. The expansion includes significant investment in the launch of a new Chicago-based advanced manufacturing subsidiary and the acquisition of the boutique design firm Ingenious Architecture. 

Multifamily Housing | Mar 4, 2018

Katerra, a tech-driven GC, plots ambitious expansion

Investors flock to this vertically integrated startup, which automates its design and construction processes.

Office Buildings | Feb 13, 2018

Office market vacancy rate at 10-year low

Cautious development and healthy absorption across major markets contributed to the decline in vacancy, according to a new Transwestern report.

Contractors | Feb 2, 2018

Construction employers add 36,000 jobs in January and 226,000 over the year

Industry employment is most since August 2008 As unemployment rate falls sharply.

Healthcare Facilities | Feb 1, 2018

Early supplier engagement provides exceptional project outcomes

Efficient supply chains enable companies to be more competitive in the marketplace.

Industry Research | Jan 30, 2018

AIA’s Kermit Baker: Five signs of an impending upturn in construction spending

Tax reform implications and rebuilding from natural disasters are among the reasons AIA’s Chief Economist is optimistic for 2018 and 2019.

Market Data | Jan 30, 2018

AIA Consensus Forecast: 4.0% growth for nonresidential construction spending in 2018

The commercial office and retail sectors will lead the way in 2018, with a strong bounce back for education and healthcare.

Architects | Jan 29, 2018

14 marketing resolutions AEC firms should make in 2018

As we close out the first month of the New Year, AEC firms have made (and are still making) plans for where and how to spend their marketing time and budgets in 2018.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021