Industry Analysis & Industry Trends
Like the rest of the construction sector, restaurant construction took a huge dive during the recession as real estate markets crashed. Credit conditions and disposable income levels were dire. Lagging behind the overall economy, the industry began to rebound in 2012. Continued recovery is expected over the next five years, and low interest rates will favor growth.... purchase to read more
Industry Report - Industry Products Chapter
Design, bid, build contracts
Design, bid, build (DBB) contracts are the standard form of work agreement in the construction sector. In a DBB contract, the property owner or developer hires an architect or designer to render the plans for a structure and then receives bids from general contractors (GCs) for the building process. Because most restaurants built by industry operators are part of a chain with relatively standard designs, floor plans and materials to keep the brand's aesthetic constant, the architect's input is somewhat less important than in the construction of other kinds of buildings. However, this standard contract structure is typically retained in the industry... purchase to read more