Mortenson Research Provides Insight into Today’s Construction Environment
January 11, 2011
Minneapolis, MN — Mortenson Construction today released findings from three industry studies covering the areas of healthcare, design-build, and wind energy. The studies incorporate feedback from architecture, engineering, construction, development, and owner organization professionals in order to identify the challenges and opportunities facing these key market segments.
“We are excited to provide our findings to customers and business partners in the hope that it brings a deeper level of understanding regarding industry trends,” said Steve Pekala, manager of market intelligence at Mortenson. “While challenging conditions have impacted each of the segments we studied, respondents expressed optimism that 2011 will bring an improved environment and identified a number of promising opportunities moving forward.”
Mortenson regularly conducts industry studies in order to support alignment with owner and partner sentiments. The company aims to be in lockstep with the voice of the customer, resulting in a design, construction and transition experience second-to-none.
Healthcare Design and Industry Trends
The U.S. healthcare system has received significant focus over the last two years, and much remains unknown regarding the ultimate fate of new legislation. Respondents to Mortenson’s healthcare study—conducted at the national 2010 Healthcare Design Conference—see increased risks to owner profitability as a result of regulatory changes. These risks will impact how, where, and what kind of healthcare facilities are designed and constructed. At the same time, design opportunities remain to create healthcare environments that are less institutional and more conducive to patient well being.
Download Healthcare Design and Industry Trends study.
The State of Design-Build
The design-build community is facing the same weakened business environment experienced throughout the construction industry. However, participants at the 2010 Design-Build Institute of America conference that Mortenson spoke to have seen growing interest in design-build as the benefits of the methodology become more widely known. Education is a primary driver to continued adoption of design-build.
Download The State of Design-Build study.
Facing the Wind
U.S. wind energy activity decreased dramatically in 2010, as the lack of long-term policy direction and volatile energy prices created an investment atmosphere that is challenging and uncertain. This environment has heightened the importance developers and project owners place on wind engineering and construction experience in order to ensure efficient, quality construction at the lowest overall cost. High importance also is placed on attaining project cost certainty as early as possible in the process.
Download Facing the Wind study.