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ACEC Research Institute

Engineering Business Sentiment

Hot Topics:

• In the past three months, over half of firms (51%) continue to turn down work due to workforce shortages. This is consistent with a year ago.

• Among firms turning down work, most (88%) are being more selective about the projects they are accepting, up from 80% a year ago at this time.

• Wage inflation is the biggest single concern among firm executives as they head into 2024. Political disruption from the 2024 presidential election follows.

• Half (52%) of firms have an AI strategy in place or are working on one and 63% of firms believe that AI will have a positive impact on their firm in the coming year.

2024 Q1 Report

Design-Building State of Practice

This landmark study examines design-build (DB) project delivery and challenges which impact the success and harmony of the DB team and could ultimately affect the success of the project. The report highlights recommendations for engineering firms participating on DB teams, as well as owners around issues such as risk transfer, insurance requirements, and relationship building among designers, constructors and owners to promote project harmony.

Download the report today

Engineering Industry Impact Series

ACEC Research Institute commissioned a series of studies – the Industry Impact Series – to profile and analyze performance in the Engineering and Design Services Industry (A/E Services) to describe, measure, and demonstrate the indispensable partnership between engineering, architects, and other design services to deliver the built environment of the United States.

2021-2025 Engineering Forecast

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