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

| Feb 15, 2013

Could the student housing boom lead to a bubble?

Student housing has been one of the bright spots in the multifamily construction sector in recent years. But experts say there should be cause for concern for oversupply in the market.

| Feb 14, 2013

5 radical trends in outpatient facility design

Building Design+Construction combed the healthcare design and construction sector to evaluate the latest developments in outpatient facility designs. Here are five trends to watch.

| Feb 14, 2013

Brasfield & Gorrie breaks ground on New College Football Hall of Fame in Atlanta

General contractor Brasfield & Gorrie is scheduled to kick off construction on the new College Football Hall of Fame in downtown Atlanta. With an anticipated completion date of fall 2014, the $66.5 million project will continue the revitalization of the city’s tourist district.

| Feb 14, 2013

Firestone projects recognized for roofing excellence

Firestone Building Products has been awarded the 2012 RoofPoint Excellence in Design Award in two categories: Global Leadership and Advancing Sustainable Roofing.

Smart Buildings | Feb 14, 2013

Minneapolis joins energy benchmarking trend for commercial buildings

Minneapolis is the latest major metro to require large commercial buildings to benchmark and disclose their energy and water use.

| Feb 8, 2013

Modest growth predicted for engineering, construction mergers

Small and mid-market deals and construction materials drive activity; U.S. is the most active individual nation.

| Feb 8, 2013

FMI/CURT 2012 Owner Study highlights construction industry challenges

Capital program owners grapple with concerns about project funding, staffing, regulations.

| Feb 6, 2013

RSMeans cost comparisons: office buildings and medical offices

RSMeans' February 2013 Cost Comparison Report breaks down the average construction costs per square foot for four types of office buildings across 25 metro markets.

| Feb 6, 2013

Arcadia (Calif.) High School opens $20 million performing arts center

A 60-year old wish for the community of Arcadia has finally come true with the opening of Arcadia Unified School District’s new $20 million Performing Arts Center.

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