Construction-industry consultant FMI's annual survey of construction owners reports that project disruptions in the form of delays, cancellations and funding challenges are having a significant impact on owners' capital programs.
The survey of 45 member of the Construction Users Roundtable (CURT) indicates 83 percent of construction owners are experiencing project delays, 41 percent report project cancelations and 93 percent report the need to self-fund projects.
CURT provides a national and international forum for the exchange of information, views, practices and policies of construction users from an array of industries and represents nearly $200 billion in capital and maintenance spending power.
The 2012 survey reports How capital program owners respond to both the current and future environment will significantly influence their ability to effectively plan, design, procure and manage capital projects. Based on survey responses, many capital-program owners have already begun the process of identifying future challenges and mitigating the impact. However, more than half are not confident in their responses to date.
The survey addresses:
- Identifying future issues that may impact capital programs and the degree of preparedness to address those issues
- The level of staffing changes during the past four years and anticipated staffing trends going forward
- The degree of project disruptions affecting capital programs
- The continued evolution of project delivery systems and procurement methods
Traditional design/bid/build remains the most commonly selected delivery method. However, as project size increases, the use of other project delivery methods increases significantly.