{"id":458727,"date":"2021-03-16T09:03:36","date_gmt":"2021-03-16T13:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458727"},"modified":"2021-03-16T09:03:36","modified_gmt":"2021-03-16T13:03:36","slug":"autodesk-u-s-construction-outlook-2021-report-finds-commercial-bidding-activity-has-surpassed-pre-pandemic-levels","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/autodesk-u-s-construction-outlook-2021-report-finds-commercial-bidding-activity-has-surpassed-pre-pandemic-levels\/","title":{"rendered":"Autodesk U.S. Construction Outlook 2021 Report Finds Commercial Bidding Activity Has Surpassed Pre-Pandemic Levels"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Despite forecasted drop in non-residential spending for 2021, real-time bidding data from BuildingConnected suggests short-term relief is en route as delayed or rescheduled projects come back online<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN FRANCISCO<\/span>, <span class=\"xn-chron\">March 16, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=2231955974&amp;u=https%3A%2F%2Fwww.autodesk.com%2F&amp;a=Autodesk\" rel=\"nofollow noopener noreferrer\">Autodesk<\/a>, Inc. (NASDAQ: ADSK) today released the &#8220;Construction Outlook 2021: Risks &amp; Opportunities&#8221; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=3251753578&amp;u=https%3A%2F%2Fconstruction.autodesk.com%2Fresources%2F2021-autodesk-construction-outlook&amp;a=report\" rel=\"nofollow noopener noreferrer\">report<\/a>, a new study that dives into macro industry trends across five areas including growth, health and construction safety, labor, supply chain and design. As the compounding effects of the global pandemic and resulting economic instability begin to surface, aggregated and anonymized product data from <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=2953359087&amp;u=https%3A%2F%2Fwww.buildingconnected.com%2F&amp;a=BuildingConnected\" rel=\"nofollow noopener noreferrer\">BuildingConnected<\/a>, a preconstruction solution within <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=2840197794&amp;u=https%3A%2F%2Fconstruction.autodesk.com%2F&amp;a=Autodesk+Construction+Cloud\" rel=\"nofollow noopener noreferrer\">Autodesk Construction Cloud<\/a>, finds that real-time bidding activity has surpassed pre-pandemic levels and reached an all-time high in <span class=\"xn-chron\">January 2021<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1456795\/1920x1080_Banner.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1456795\/1920x1080_Banner.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>More than one million owners, general contractors, construction managers and subcontractors use BuildingConnected to answer or request bids. More than five million bid invites are sent out every month on the platform. <\/p>\n<p>Additional key insights detailed in the report derived from aggregated and anonymized BuildingConnected bidding activity, as of <span class=\"xn-chron\">March 1, 2021<\/span>, include:<\/p>\n<ul type=\"disc\">\n<li>While bidding activity was initially on the rise at the beginning of 2020, it dropped roughly 34 percent in the 60 days following <span class=\"xn-chron\">March 19<\/span> 2020, when the first U.S. stay-at-home orders were mandated. <\/li>\n<li>Bidding activity slowly began to recover between March and October and hit a high for 2020 in November. <\/li>\n<li>Compared to a three-month pre-pandemic average, total bidding activity was up 15 percent in November and 36 percent in <span class=\"xn-chron\">January 2021<\/span>, with January volume representing an all-time high on the BuildingConnected platform. <\/li>\n<li>The rate of new projects being added to the platform throughout the past year has remained constant, indicating increased bidding activity may be related to project re-starts, not net-new projects.<\/li>\n<\/ul>\n<p>&#8220;While it&#8217;s not an indication that we&#8217;re entirely out of the woods, the real-time bidding data\u00a0from\u00a0BuildingConnected suggests that delayed or rescheduled projects may be coming back online,&#8221; said construction economist Ed\u00a0Zarenski.\u00a0&#8220;Increased levels of bidding activity, paired with the data that project volume has remained consistent, signals the industry is getting back to work \u2013\u00a0and doing so quickly.&#8221;<\/p>\n<p>\n        <b>The 2021 Construction Outlook Report provides insights into construction industry trends in spending, project starts and more<\/b>\n      <\/p>\n<p>Using internal product data, external sources and industry economists, the Construction Outlook report provides construction professionals with critical information, analysis and actionable insights to stay resilient as the industry begins its journey to recovery. Additional key findings from the report include:\u00a0\u00a0<\/p>\n<ul type=\"disc\">\n<li>\n          <b>New starts are up in 2021 but starting backlog in 2022 could slide<\/b>: While new starts in 2021 are forecast to increase six percent \u2013 with a six percent increase in nonresidential projects and a 10 percent increase in non-building infrastructure projects, the starting backlog forecast for 2022 is projected to decrease five percent. <\/li>\n<li>\n          <b>Nonresidential construction spending will drop in 2021, yet healthcare and commercial retail are projected to rebound in 2022. <\/b>By <span class=\"xn-chron\">October 2021<\/span>, nonresidential building spending is projected to decrease 20 percent from <span class=\"xn-chron\">February 2020<\/span>, with projected drops of two to three percent each quarter. Nonresidential spend across the board is forecast to hit <span class=\"xn-money\">$411 billion<\/span> in 2021. In 2022, the healthcare and commercial \/ retail sectors are expected to grow by three percent and six percent, respectively. <\/li>\n<li>\n          <b>Transportation, air and rail sectors have been less impacted: <\/b>Transportation spending is forecasted to grow 10 percent in 2021, due in part to strength in backlog from several multi-billion dollar starts over the past few years. There could also be longer-term positive impacts as the new administration <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=2439453441&amp;u=https%3A%2F%2Fadsknews.autodesk.com%2Fviews%2Fautodesk-policy-recommendations-biden-harris-administration&amp;a=has+announced+its+focus+and+dedication\" rel=\"nofollow noopener noreferrer\">has announced its focus and dedication<\/a> to the health and resilience of the national transportation system. <\/li>\n<li>\n          <b>Additional gains will be made in other areas of nonbuilding infrastructure: <\/b>Forecasted for 2021, certain segments of nonbuilding infrastructure will also see an increase in spend including sewer and water (four percent) and highways and bridges (two percent). <\/li>\n<li>\n          <b>Total public spending in 2021 is projected to finish at <span class=\"xn-money\">$384 billion<\/span>, an eight and a half percent increase from 2020. <\/b>Growth in the residential sector heavily contributes to the gains expected in total spending in 2021. Starting backlog growth is also expected to pick up in 2022, particularly for the commercial, healthcare and transportation sectors.<\/li>\n<\/ul>\n<p>&#8220;In the early days of the pandemic, the construction industry turned to technology to readjust as we facilitated social distancing, implemented jobsite safety guidelines and moved our offices into our homes,&#8221; <span class=\"xn-person\">Jim Lynch<\/span>, senior vice president and general manager, Autodesk Construction Solutions. &#8220;Now that the industry looks to be picking up and teams are headed back to the jobsite, adopting technology, digitizing workflows and upskilling employees is more important than ever to handle the increased workload. For instance, despite a 40 percent spike in bidding volume, we&#8217;re seeing that almost 80 percent of teams using BuildingConnected are still able to turn around bids in the industry-standard of seven days. Managing this increase in output with no significant dip in productivity simply would not be possible without the right technology.&#8221;<\/p>\n<p>\n        <b>Recommendations for improving preconstruction processes and mitigating risk<\/b>\n      <\/p>\n<p>The report also provides recommendations for companies to help navigate the current industry climate, including: <\/p>\n<ol type=\"1\">\n<li>\n          <b>Monitor the burden of project restarts:<\/b>\u00a0Defaults tend to rise when the construction industry moves from a period of reduced activity to a period of growth. Moving forward, specialty contractors will need to be tactful in selecting projects, and owners and general contractors will need to evaluate the health of trade partners taking on new work. <\/li>\n<li>\n          <b>Qualify trade partners\u00a0often:<\/b>\u00a0The construction market is\u00a0volatile right now, and traditional annual qualification schedules may need to be conducted more frequently \u2013 ideally twice per year.\u00a0 <\/li>\n<li>\n          <b>Coordinate the design review process:<\/b>\u00a0Reducing\u00a0change\u00a0orders\u00a0and RFIs becomes crucial to meet demanding deadlines. Prior <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=2624168521&amp;u=https%3A%2F%2Fconstructionblog.autodesk.com%2Fconstruction-insights%2F&amp;a=research\" rel=\"nofollow noopener noreferrer\">research<\/a>\u00a0from Autodesk shows that 70 percent of RFIs can typically be addressed by proper design reviews during preconstruction, and projects that close high-priority RFIs faster have greater profit margins. An improved coordination and design review process could help avoid\u00a0increased\u00a0risk incurred during preconstruction.<\/li>\n<\/ol>\n<p>&#8220;As projects quickly begin coming back online, deadlines will be more stringent and every dollar will be scrutinized,&#8221; said <span class=\"xn-person\">Zac Hays<\/span>, head of preconstruction,\u00a0Autodesk Construction Solutions. &#8220;The preconstruction process will play an increasingly vital role in mitigating risks, generating and managing critical data and reducing costly rework \u2013 which will better position companies to navigate this period of uncertainty with more precision.&#8221;<\/p>\n<p>The report also offers case studies from Autodesk customers including <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=1402064520&amp;u=https%3A%2F%2Fwww.chandos.com%2F&amp;a=Chandos\" rel=\"nofollow noopener noreferrer\">Chandos<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=2608777498&amp;u=https%3A%2F%2Fwww.helmgroup.com%2Four-services%2Fmechanical-hvac%2F&amp;a=Helm+Mechanical\" rel=\"nofollow noopener noreferrer\">Helm Mechanical<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=1668428916&amp;u=http%3A%2F%2Fwww.jm-a.com%2F&amp;a=John+Moriarty+%26+Associates\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">John Moriarty<\/span> &amp; Associates<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=1596391933&amp;u=https%3A%2F%2Fwww.ebcinc.com%2Fen%2F&amp;a=EBC%2C+Inc\" rel=\"nofollow noopener noreferrer\">EBC, Inc<\/a>. and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=3944169096&amp;u=https%3A%2F%2Fwww.crbgroup.com%2F&amp;a=CRB\" rel=\"nofollow noopener noreferrer\">CRB<\/a>. To read the full report, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098111-1&amp;h=517591802&amp;u=https%3A%2F%2Fconstruction.autodesk.com%2Fresources%2F2021-autodesk-construction-outlook&amp;a=click+here\" rel=\"nofollow noopener noreferrer\">click here<\/a>.<\/p>\n<p>\n        <b>About Autodesk<br \/><\/b>Autodesk makes software for people who make things. If you&#8217;ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you&#8217;ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything. For more information visit autodesk.com or follow @autodesk.<\/p>\n<p>Safe Harbor Statement:<br \/>We may make statements regarding planned or future development efforts for our existing or new products and services. These statements are not intended to be a promise or guarantee of future delivery of products, services or features but merely reflect our current plans, which may change. Purchasing decisions should not be made based upon reliance on these statements. The Company assumes no obligation to update these forward-looking statements to reflect events that occur or circumstances that exist or change after the date on which they were made.<\/p>\n<p>\n        <i>Autodesk, the Autodesk logo, Autodesk Construction Cloud, BuildingConnected \u00a0are registered trademarks or trademarks of Autodesk, Inc., and\/or its subsidiaries and\/or affiliates in the <span class=\"xn-location\">USA<\/span> and\/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.<\/i>\n      <\/p>\n<p>\n        <i>\u00a9 2021 Autodesk, Inc. All rights reserved.<\/i>\n      <\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/462390\/Autodesk_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/462390\/Autodesk_Logo.jpg\" title=\"(PRNewsfoto\/Autodesk, Inc.)\" alt=\"(PRNewsfoto\/Autodesk, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF10788&amp;sd=2021-03-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/autodesk-us-construction-outlook-2021-report-finds-commercial-bidding-activity-has-surpassed-pre-pandemic-levels-301248319.html\">http:\/\/www.prnewswire.com\/news-releases\/autodesk-us-construction-outlook-2021-report-finds-commercial-bidding-activity-has-surpassed-pre-pandemic-levels-301248319.html<\/a><\/p>\n<p>SOURCE  Autodesk, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF10788&amp;Transmission_Id=202103160900PR_NEWS_USPR_____SF10788&amp;DateId=20210316\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite forecasted drop in non-residential spending for 2021, real-time bidding data from BuildingConnected suggests short-term relief is en route as delayed or rescheduled projects come back online PR Newswire SAN FRANCISCO, March 16, 2021 \/PRNewswire\/ &#8212;\u00a0Autodesk, Inc. (NASDAQ: ADSK) today released the &#8220;Construction Outlook 2021: Risks &amp; Opportunities&#8221; report, a new study that dives into macro industry trends across five areas including growth, health and construction safety, labor, supply chain and design. As the compounding effects of the global pandemic and resulting economic instability begin to surface, aggregated and anonymized product data from BuildingConnected, a preconstruction solution within Autodesk Construction Cloud, finds that real-time bidding activity has surpassed pre-pandemic levels and reached an all-time high in January 2021. More than &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/autodesk-u-s-construction-outlook-2021-report-finds-commercial-bidding-activity-has-surpassed-pre-pandemic-levels\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Autodesk U.S. Construction Outlook 2021 Report Finds Commercial Bidding Activity Has Surpassed Pre-Pandemic Levels&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458727","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Autodesk U.S. Construction Outlook 2021 Report Finds Commercial Bidding Activity Has Surpassed Pre-Pandemic Levels - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/autodesk-u-s-construction-outlook-2021-report-finds-commercial-bidding-activity-has-surpassed-pre-pandemic-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Autodesk U.S. Construction Outlook 2021 Report Finds Commercial Bidding Activity Has Surpassed Pre-Pandemic Levels - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Despite forecasted drop in non-residential spending for 2021, real-time bidding data from BuildingConnected suggests short-term relief is en route as delayed or rescheduled projects come back online PR Newswire SAN FRANCISCO, March 16, 2021 \/PRNewswire\/ &#8212;\u00a0Autodesk, Inc. (NASDAQ: ADSK) today released the &#8220;Construction Outlook 2021: Risks &amp; Opportunities&#8221; report, a new study that dives into macro industry trends across five areas including growth, health and construction safety, labor, supply chain and design. As the compounding effects of the global pandemic and resulting economic instability begin to surface, aggregated and anonymized product data from BuildingConnected, a preconstruction solution within Autodesk Construction Cloud, finds that real-time bidding activity has surpassed pre-pandemic levels and reached an all-time high in January 2021. 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(NASDAQ: ADSK) today released the &#8220;Construction Outlook 2021: Risks &amp; Opportunities&#8221; report, a new study that dives into macro industry trends across five areas including growth, health and construction safety, labor, supply chain and design. As the compounding effects of the global pandemic and resulting economic instability begin to surface, aggregated and anonymized product data from BuildingConnected, a preconstruction solution within Autodesk Construction Cloud, finds that real-time bidding activity has surpassed pre-pandemic levels and reached an all-time high in January 2021. 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