Forecast of the Architectural Services Market
The growth of the architectural services market is expected to continue throughout the forecast period. The growth is attributed to the growing infrastructure development projects and rising investments in this region. In addition, the gradual resumption of construction of data center facilities affected by the COVID-19 pandemic and the commencement of new IT projects are expected to revive the market during the forecast period. You can also customize your report for free, which translates to up to 8 analysts’ working days.
Traditionally, the scope of architectural services includes design, preparation of construction documents, and construction administration. Today, architects provide additional services that are vital to the success of a project. These services may include problem-solving, feasibility studies, architectural programming, and facility management. It is important to identify which architectural service is necessary for a particular project. Many times, other professionals are needed to execute the project. Architects coordinate with mechanical, electrical, and structural engineers.
Architects’ fees include project management. In addition to design, an architect’s fees also include coordination with other parties, such as contractors and subcontractors. Project management is often included in the architect’s hourly rate, since the architect does not know how it will look throughout the project. However, it’s important to note that the architect cannot be responsible for everything that happens during the project, which is why the fee should be set at a flat rate.
The architectural services market is predicted to grow at a high rate over the forecast period. However, high costs and lack of design knowledge are hindering growth. In 2020, the COVID-19 pandemic affected the global market, resulting in the temporary suspension of construction sites. However, in the second quarter of 2021, the construction activities increased, which is expected to contribute to a gradual recovery of the market. Further, the rise in urbanization will boost the demand for urban planning and project management services among architects to better manage smart city projects.
Architects also play a vital role in construction projects, where they act as the agent of the owner/client and solicit bids from contractors. Once the contractor has been selected, the architect will oversee the construction phase by consulting with the client and issuing detailed drawings to them. Once the construction begins, the architect will also resolve any conflict between drawings and specifications. A complete set of construction documents will help avoid costly delays and quality issues that may arise during construction.
In the case of residential developments, an architect can complete a feasibility study and recommend further information and requirements to meet the statutory requirements. If approval is not granted, the architect can then prepare an all-inclusive quote and contract. The contract documents will include conditions of tender. The architect will also recommend contractors, if necessary. An architect’s services typically include the development of a concept design from the initial planning drawings. These drawings are often preceded by sketch drawings and a measured survey.