Contributors to this article include Laura Jensen and David Artman, Principals at Array.
Many healthcare projects face extreme budget fatigue with the economic challenges created by rising inflation and unpredictability in material costs. The budget strain that many clients are experiencing is resulting in lengthy schedule delays due to capital shortages or value engineering considerations at design milestones that include deep program cuts, and in some cases, clients are forced to stop projects all together. The biggest concern noted of Architectural Firms moving into the second quarter of 2023 was the ability to cope with volatile construction/ building materials costs and availability as captured by the AIA in the Architectural Billing Index. That concern emanates from our clients.