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

| Jan 14, 2016

How to succeed with EIFS: exterior insulation and finish systems

This AIA CES Discovery course discusses the six elements of an EIFS wall assembly; common EIFS failures and how to prevent them; and EIFS and sustainability.

Market Data | Jan 13, 2016

Morgan Stanley bucks gloom and doom, thinks U.S. economy has legs through 2020

Strong job growth and dwindling consumer debt give rise to hope.

Contractors | Jan 13, 2016

5 ways to handle conflict during construction

Rider Levett Bucknall's John Jozwick has five ways to curb disputes and prevent the situation from escalating to litigation.

Contractors | Jan 12, 2016

Will a notable credential make students preparing for construction jobs more marketable?

Zenith Education Group thinks so, as nine of its campuses offer training certification from the National Center of Construction Education and Research. 

Contractors | Jan 11, 2016

Novum Structures will pay $3 million to settle violations of ‘Buy American’ regulations

Wisconsin design and construction firm charged with repackaging materials from foreign sources.  

Market Data | Jan 6, 2016

Census Bureau revises 10 years’ worth of construction spending figures

The largest revisions came in the last two years and were largely upward.

Market Data | Jan 5, 2016

Majority of AEC firms saw growth in 2015, remain optimistic for 2016: BD+C survey

By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.

Architects | Jan 5, 2016

Potential vs. credential: How men and women differ in career progress

Recent research suggests that women face yet another career impediment: the confidence gap.

Urban Planning | Jan 4, 2016

The next boomtown? Construction and redevelopment sizzle in San Diego

The city's emission-reduction plan could drive influx into downtown

Market Data | Dec 15, 2015

AIA: Architecture Billings Index hits another bump

Business conditions show continued strength in South and West regions.  

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