Construction Project Management Services
The Construction Project Management Services industry is composed of companies that provide construction management services on an at-risk or fee basis. Fee-based construction managers have experienced favorable conditions over the five years to 2019, primarily due to their ability to engage in stronger price competition than their competitors. Despite these conditions, falling oil prices have hampered corporate profit during the current period, which made company heads more cautious about expanding their physical locations. However, the value of nonresidential construction has since improved, benefiting industry operators. As a result, industry revenue has increased over the past five years. Industry revenue is forecast to continue expanding over the five years to 2024, as the improving US economy and stable demand for construction will likely lead to consistent conditions for industry operators.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.