​​
Follow Us

Constructing Success: Macro Trends in Construction

Construction Story Pic.jpgIf your view of the construction industry includes complicated building processes muddled by disparate documents, processes and parties, think again. Panelists from Honeywell, construction firm Brasfield & Gorrie and mechanical contractor Hardy Corporation recently weighed in on the macro trends shaping the industry — trends that are driving more informed decisions for maximum business impact.
  • Building Information Modeling
Otherwise known as BIM, this integrated 3-D model-based process enhances the planning, design, construction and management of buildings and infrastructure. In pre-construction stages, BIM assists with tasks like quickly mapping out options for how a facility might look, or facilitating better budgeting in line with the design process. When implemented, BIM reduces project costs and time-to-completion, and helps ensure fewer errors and reworks. And, given integration advancements, more facilities are using BIM post-construction, tying it in with building management systems to enable a closer, real-time look into building operations and processes.
  • Design/Build Advancements
DBOOM — or Design/Build/Own/Operate/Maintain — is the latest in the design/build project delivery model. DBOOM cements a tighter alliance between designers and builders, with both sides buying into the project’s key steps and components. This establishes a common responsibility among all parties involved, spreading risk and fostering teamwork and collaboration. The payoffs can include cost savings, faster delivery and higher-quality output.
  • Innovative Delivery Models
Risk is inevitable with any venture so why not collaborate with others to maximize results? That’s the idea behind the joint venture delivery trend. It involves a common alliance between two or more entities, allowing all involved to share both the risk and the reward. This can entail collaboration between both small and large companies, with both sides benefiting from the sharing of ideas, resources, expertise and funding.
In a similar vein, public-private partnerships, also known as P3s, are emerging as an increasingly viable way to tackle large capital improvement projects. Like the joint venture delivery trend, the P3 model reduces project risk while leveraging the strengths of the parties involved. In this case, a government agency selects a private-sector consortium to finance, build, operate and maintain community assets.
 
These macro trends are just a sampling of the drivers changing the construction industry. They build on the foundational notion that success always comes down to proper planning and coordination.