Industry Analysis & Industry Trends
Operators in the Commercial Building Construction industry in Canada have experienced strong growth over the past five years. Declining vacancy rates for retail and office building space between 2010 and 2011 allowed the industry to pick up strongly. Commercial construction typically lags behind the overall economy by up to two years, due in part to the length of construction contracts and the pipeline of projects that general contractors keep on the books. Over the five years to 2021, this pipeline of projects and new contracts is anticipated to allow revenue to rebound and expand. The industry is also set to benefit from the increased migration of the population toward metropolitan areas... purchase to read more
Industry Report - Industry Products Chapter
Design, bid, build contracts
Under the standard commercial construction process, 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 project itself. These design, bid, build (DBB) contracts are estimated to account for about 23.0% of revenue in the industry in 2016. In this construction management model, separate contracts exist between the owner and designer and between the owner and GC; the latter relationship is relevant to operators in the Commercial Building Construction industry.
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