The average planning time for commercial construction projects in the U.S. increased by three to four months from 1999 to 2010, according to a study by the American Enterprise Institute. The study, which covered more than 80,000 construction projects, concluded that planning times averaged about 17 months per project. Large projects saw even longer time-to-plan lags, averaging more than 28 months. Planning times also varied depending on building characteristics, location, and regulatory scrutiny. The study found that the cities with the longest time-to-plan lags were located in the Northeast corridor and California.
Study Analyzes Planning Time for Comercial Construction Projects
The average planning time for commercial construction projects in the U.S. increased by three to four months from 1999 to 2010, according to a study by the American Enterprise Institute. The study, which covered more than 80,000 construction projects, concluded that planning times averaged about 17 months per project. Large projects saw even longer time-to-plan lags, averaging more than 28 months. Planning times also varied depending on building characteristics, location, and regulatory scrutiny. The study found that the cities with the longest time-to-plan lags were located in the Northeast corridor and California.
Download the complete study (PDF).