Architectural & Engineering Services
Brief Excerpt from Industry Overview Chapter:
Companies in this industry plan and design residential and nonresidential buildings and structures as well as apply engineering principles to design and develop systems and structures. Major companies include AECOM, Jacobs, HDR, and KBR (all based in the US), as well as Fugro (The Netherlands), Nikken Sekkei (Japan), Wood (UK), and Worley (Australia).
Demand for architectural and engineering services is driven by residential and commercial construction activity, as well as corporate and government spending. Profitability depends on a company's ability to attract a constant flow of work through contracts, as well as the ability to accurately predict costs for projects. Small firms can effectively compete with larger ones by offering expertise in a particular field. Large firms are better equipped to design and manage large projects in diverse geographic areas. The US industry is fragmented: the 50 largest firms account for about 30% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include preparing detailed architectural plans or blueprints, and engineering designs that can be used in the construction process. Companies also provide consulting services and construction management for a broad range of projects.
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