Offering you the level of certainty you need to make critical, real-time decisions to ensure the commercial success of your Federal Government projects.
At RLB, our approach allows us to deliver successful outcomes to property and construction projects by tailoring our services to match client goals and needs. Our team specializes in creating, evaluating, and managing project controls that address the critical issues of time, cost, scope, and quality in the built environment. In this insight we cover the state of the sector domestically and abroad, trends, as well as what incentives to keep an eye out for before engaging in your project.
Prioritizing Sustainability
The federal government is putting considerable efforts to promote sustainability initiatives, such as the Infrastructure Investment and Jobs Act (IIJA) and aggressive net-zero commitments. These initiatives are significant on the government’s agenda, as evidenced by the allocation of contracts and expenditure data towards them.
Trending
- California, followed by New York and Florida, has the most electric vehicle charging stations.
- Federal buildings are to transition to carbon pollution-free electricity by 2030 and achieve net-zero emissions by 2050.
- The U.S. Army’s Climate Strategy Implementation Plan for FY 2023-2027 includes plans to build microgrids and complete power generation projects.
Emerging Technology
Under the Advanced Digital Construction Management Systems (ADCMS) grant program, the federal government is encouraging modern best practices in the construction industry. This $85 million-dollar grant pushes the use of computer modeling, 3D designs, and other advanced technology for federally funded projects. This program will award up to $17 million each year, from FY 2024 through FY 2026.
Benefits
- Effective information-sharing
- Increased productivity and reduction of construction duration
- Efficient coordination with the use of real-time sharing
- Reduce overall construction cost
- Improve quality control measures
Federal Spending
The chart below represents the top 10 federal agency’s construction spending for FY 2023 as of June 2023.
2024 Budget Outlook
- House approves a $155.7 billion military construction and veteran affairs bill
- FY 2024 Budget includes $1.9 billion to modernize the Veteran’s Affairs Information Technology (IT)
- Investment of $335 million to expand Registered Apprenticeship opportunities for training future workforces in construction, clean energy, and other growing industries
What it Means for You
Staying informed about the latest market trends is essential for success in the federal market sector. With the current administration’s focus on sustainability and resiliency, it’s necessary to adopt sustainable design practices. Additionally, there is a growing emphasis on implementing efficient and collaborative construction methodologies with the use of advanced technology.
FURTHER INFORMATION:
