Shocking industry stats every AEC professional should know.
According to McKinsey & Company, 98% of megaprojects globally are delayed or over budget—and similar trends hold true for U.S. projects.
Dodge Data & Analytics reports that over 60% of U.S. construction professionals say project delays are common due to poor coordination and communication.
The Construction Industry Institute (CII) found that over 70% of U.S. construction projects exceed their original budget.
FMI Corp. reports that over $500 billion is wasted annually in rework, delays, and inefficient processes in the U.S. construction industry.
Autodesk + FMI research indicates 52% of rework is caused by poor project data and communication, costing the U.S. construction industry over $31 billion per year.
Over 48% of project stakeholders cite lack of collaboration and clash coordination as the leading causes of design errors and delays.
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