Overview

Strong foundation: Federal funds and trends toward outsourcing have kept the industry afloat

The Construction Project Management Services Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$130bn
Annual Growth
12-17
4.5%
Annual Growth
17-22
Profit
Employment
132,983
Business
12,217

Industry Threats & Opportunities

  • Stronger residential construction helped the industry continue to grow, despite slowdowns in nonresidential construction
  • State governments had to deal with the winding down of federal government assistance
  • Favorable economic conditions will support the overall construction sector

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    Industry Analysis & Industry Trends

    Despite the bursting residential housing bubble that plunged the US economy into recession, Construction Project Management Services industry firms weathered the recessionary conditions well through the ensuing recession as a result of backlogged work and funds from the American Recovery and Reinvestment Act. Continued public-sector construction funding, rebounds in private-sector construction and greater construction project oversight demands will be the primary drivers of growth in the next five years...

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    Industry Report - Industry Analysis Chapter

    The Construction Project Management Services industry comprises operators that provide construction management services on an at-risk and fee basis. Companies that provide services on an at-risk basis typically set a guaranteed maximum price (GMP) and subsequently assume the financial and legal risk for additional costs incurred. Meanwhile, other project management companies accept contracts on a fee basis and assume no additional risk for fluctuating construction material prices or unexpected expenses.

    Over the five years to 2017, the industry has shaken off the lingering effects of austerity following the early recovery and has grown steadily since 2012 despite shocks to nonresidential markets. Ini..

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    Additional Insights for the Construction Project Management Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Construction Project Management Services Industry are

  • Having contacts within key markets
  • Access to highly skilled workforce
  • Fast adjustments made to changing regulations
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Local and state government investment in the Construction Project Management Services industry impact industry performance..

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    Industry Products

    What is the Construction Project Management Services Industry?

    The Construction Project Management Services industry includes companies that provide planning, supervising and budgeting services to construction projects. This includes all aspects of clients’ projects, including estimating, scheduling, designing, engineering and contracting. Industry operators may also oversee community relations, safety programs, labor, cost control and coordination with the owner and other construction specialists.

    Industry Products
    Cost management
    Scheduling management
    Compliance management
    Contract administration
    Industry Activities
    Third-party construction project management services
    Project planning and economic assessments
    Quality management assessment and accreditation
    Feasibility studies, including environmental impact assessment and community consultation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • Local and state government investment
  • Value of residential construction
  • Value of utilities construction

  • Current Performance
  • Building construction sectors
  • Government spending and infrastructure construction
  • New employment prospects
  • Changing project delivery landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction outlook strengthens
  • Private-public partnerships
  • Industry expansion
  • Table: Construction Project Management Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Construction Project Management Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Utilities
  • Industrial Building Construction
  • Public Administration
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Accounting Services
  • Construction
  • Finance and Insurance
  • Law Firms

  • Products & Services
  • Cost management
  • Scheduling management
  • Contract administration
  • Compliance management
  • Chart: Construction Project Management Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial construction market
  • Infrastructure construction market
  • Residential construction market
  • Municipal construction market
  • Chart: Major Market Segmentation for the Construction Project Management Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Construction Project Management Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Construction Project Management Services Industry

  • Industry Globalization
    Major Companies
    Turner Construction Co.
  • Table: Turner Construction Co. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Construction Project Management Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Construction Project Management Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    American Recovery And Reinvestment Act (Arra)
  • Legislation to help improve the US economy, which was renewed in 2011, includes about $35.1 billion and $28.4 billion in funding for transportation and infrastructure projects.
  • Leadership In Energy And Environmental Design (Lee
  • An environmental building certificate program that was established under the US Green Building Council and certifies buildings that meet energy-efficiency and green requirements.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Subcontracted Labor
  • A subcontractor is a person who is awarded a portion of an existing contract by a general contractor (project manager).
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Construction Project Management Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Construction Project Management Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Construction Project Management Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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