Design-Bid-Build is toast – $

JLL said it expects materials prices overall this year to rise by 18%, up from its 12% forecast made at the start of 2022.”

“Delays are pretty much universal at this point,” Andrew Volz, JLL Project and Development Services Americas research lead, said in prepared remarks.

“Developers will need to rework how they traditionally do projects as ‘design, bid, build’ no longer works.