ArchitectureConstruction ManagementProject ManagementConstruction EconomicsConstruction EngineeringConstruction Project ManagementConstruction Market AnalysisConstruction RiskProject Delivery MethodsProject Delivery SystemsPublic Sector Construction EconomicsConstruction Market StructureProject Delivery ManagementProject Delivery Performance
Construction management (CM) and design-build are project delivery tools that seem to be hauled out of the toolbox more often these days, as owners, both public and private, are finding them a better fit than the more traditional design-bid-build process. This journal's design-build firms generated $39.38 billion in revenue in 1997, a modest drop from 1996's mark of $39.45 billion. Domestic design-build revenue among the Top 100 fell 10% in 1997 to $21.19 billion. CM for-fee also declined in 1997, falling to $5.12 billion from $6.30 billion in 1996. The most impressive gains were among the Top 100 firms engaging in CM at-risk. This group enjoyed a 16.2% gain in revenue to $29.73 billion in 1997 over $25.58 billion in 1996. Two additional articles are included in this journal section: Design-Build Explores New Markets as Public Sector Shows Interest and CM Firms Are Finding Opportunities along with Market Challenges. Three tables list the Top 100 design-build firms, CM for-fee firms, and CM at-risk firms.