Key findings: Construction professional services
This construction professional services sourcing and procurement report offers a comprehensive analysis of the US supply market, regional and global spend dynamics, buyer ecosystem, and cost-saving opportunities.
Buyers across the major economies are leveraging construction professional services (CPS) in their entire construction project planning process to identify significant cost-saving opportunities during the process. These services help to arrive at a detailed breakdown of costs incurred in the project implementation, which facilitates transparency and enables planning of contingency strategies. To sustain in this competitive market, the CPS firms are implementing advanced technologies 3D modeling and design virtualization. These technologies enhance building design, planning, and implementation of construction projects, thereby simplifying the project implementation process and reducing costs. This supplements the category demand across major industries.
To know more about the exact year-over-year spend growth potential, download a free sample report.
Written from the perspective of the buyer and the supplier, this procurement market intelligence report on construction professional services offers actionable information on the global and regional spend potential. Additional information includes an analysis of the suppliers’ cost structure, the total cost of ownership, pricing models, supply chain margins, and much more.
Our portfolio of reports on the professional services category help buyers understand:
- Identify best pricing models and cost drivers
- Assess supply chain margins and category pricing dynamics
- Develop strategic sourcing and category management strategies
- Understand the spend potential within the market
Analyze the global category spend for construction professional services
The growing demand for customized design and consulting services is a crucial factor influencing the spend growth rate of the category. These services segment of the construction professional service industry minimize design and construction errors that affect structural reliability. To conduct business in a highly regulated and complicated contracting environment, buyers are resorting to risk management services to mitigate and manage project risks. This will further supplement the category spend momentum. The growing need to adopt sustainable and efficient construction methods and to boost service providers' ability to offer effective planning, designing, and integration of all activities involved in the project are propelling the category demand to a great extent.
For more information on the spend growth rate for the period of 2018-2023, download a free sample copy.
This construction professional services sourcing and procurement report offers additional information on:
- Spend opportunity for suppliers
- Spend segmentation by key regions
- Regional spend dynamics
Optimize category spend for construction professional services
Achieving cost-savings in this costly and a competitive market can be a daunting task. Our procurement experts have found out that engaging with regional service providers have allowed buyers from some of the leading brands attain a high negotiation power due to spend consolidation. They have the ability to offer buyers low billing rates while protecting them during fluctuations in currency exchange rates in that region. The local service providers tend to have an exhaustive knowledge on the regional building codes and environmental regulations which enhance buyer’s visibility on the entire project and contractual compliance.
This market intelligence report on construction professional services also offers coverage of:
- Cost-saving opportunities
- Supplier-side levers
- Buyer-side levers
Assess category spend for the US region
The exponential growth of the residential construction sector, both private and public housing, in the US will be the primary driving force behind an accelerating category spend momentum in the region. Increasing expenditure done by the US government to modernize the country’s infrastructure that includes highways, bridges, airports, energy, rural infrastructure, and water resources will create a huge demand for construction professional services. Prevalence of energy infrastructure assets will also act a growth driver for this category in the US.
Additional information offered in this construction professional services sourcing and procurement report will help buyers analyze:
- Category spend in the US
- Supplier cost structure in the US
- Margins of suppliers and category cost drivers
Devise strategies for the construction professional services supply landscape
Buyers must partner with service providers that exhibit capabilities to handle large datasets. This is crucial in an age that is witnessing the necessity to analyze project-related data, track performance of resources and utilization of equipment, and monitor planned versus actual costs and schedules.
This construction professional services sourcing and procurement report identifies the significant costs incurred by suppliers and offers coverage of:
- Supplier relationship management strategies
- Technology-facilitated procurement strategies
- Supplier market outlook – US market insights
Build effective category management strategies for construction professional services
Category managers must prioritize collaboration with service providers that demonstrate adequate adoption of advanced technologies. This is particularly important because of the high cost associated with labor and time required for land surveillance. Service providers are leveraging advanced technologies such as VR, AR, and 3D modeling in the pre-construction phase to minimize time and instances of design construction errors. This enables buyers to prevent loss in the construction phase.
Key insights offered in this construction professional services sourcing and procurement report will help the buyers identify:
- Global and regional category risks
- Supplier and buyer KPIs
- Risk management strategies
Develop strategies based on regional spend data
According to our experts, APAC is expected to witness a rapid increase in the spend growth momentum over the next couple of years. This growth is attributed to the prevalence of favorable government policies and increasing expenditure in the construction sector. Work on the mega projects such as Dubai Creek Tower, King Abdullah Economic City, Jubail II, and Al Maktoum International Airport will create huge requirements for construction professional services in MEA. Even though the category spend in Europe and North America is likely to mature to a certain extent, the rapid growth in residential construction due to increasing immigration will drive the category growth in these regions.
Regional spend information offered in this construction professional services sourcing and procurement report includes an analysis of geographies such as:
- North America
- South America
Actionable information on the top suppliers of construction professional services and risks faced while procuring construction professional services is offered in this report. Download a free sample to understand the complete scope of coverage.
Construction professional services procurement market analysis report overview
Procurement Best Practices
Cost Saving Opportunities
Supplier Capability Matrix
Construction Professional Services - Category Spend Analysis
According to our latest construction professional services sourcing and procurement report, demand for energy-efficient infrastructure is driving the growth of the construction professional services industry. The increase in demand for civil and industrial infrastructure also attributed to the growth of the construction professional services industry.
Construction Professional Services – Procurement Best Practices
Buyers must engage with suppliers that can ensure participation and collaboration of cross-functional teams offer cost-effective logistics. Buyers must ensure the participation and collaboration of related cross-functional teams (IT and procurement) in category management and planning activities.
Construction Professional Services - Procurement Challenges
Based on the analysis in this construction professional services sourcing and procurement report, one of the major procurement pain point experienced by the buyers is adopting an integrated project delivery model. Our procurement specialists predict that the buyers must engage with the suppliers who can adopt the integrated project delivery model to allow the clients streamline project workflow as well as effectively maintain and track various datasets.