Global Building Capital Project Managers Survey 2024: Strategies & Technology Priorities

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Executive Summary

This report presents the results of 100 telephone interviews conducted between July and September 2024 with key decision-makers in real estate capital projects, encompassing building owners, developers, investors and budget-holders across North America, Asia-Pacific (APAC) and Europe, the Middle East and Africa (EMEA).

Decision-makers in capital projects are facing greater pressure than ever to tackle prominent challenges in the real estate sector, notably, ensuring operational transparency to mitigate risk; digitizing processes to boost ESG metrics; and adjusting procedures to support regulatory compliance. Capital project decision-makers should leverage this report to compare their own firms’ technology strategies and investment plans with market trends. Technology and service providers can benefit from the research to better understand market demand and emerging areas of interest and spending over the short and medium term. 

 

Table of contents

Summary for decision-makers
First annual Verdantix capital projects decision-makers survey

First global survey features 100 real estate capital project decision-makers and budget-holders across 22 countries
Digitization in the construction sector has reached a pivotal juncture
Capital project decision-makers juggle diverse objectives
Investment momentum is rising amongst firms, to enhance their digital capabilities
The intersection of digitization and ESG
ESG regulatory compliance and internal sustainability targets drive capital project strategies

Table of figures

Figure 1. Regional breakdown of interviewees
Figure 2. Building ownership and project management relationship breakdown
Figure 3. Capital project breakdown by average size
Figure 4. Capital project breakdown by asset type
Figure 5. Capital project management priorities for the next three years
Figure 6. Firm breakdown by digital enablement
Figure 7. Capital project firms breakdown by data management strategy
Figure 8. Software to support capital project planning/project administration
Figure 9. Software to support capital project delivery processes
Figure 10. Software use throughout capital projects
Figure 11. Future software investment plans for firms
Figure 12. Market trends impacting capital project strategies
Figure 13. Breakdown of ESG standards for capital projects
Figure 14. ESG and sustainability prioritization over the next 12 months
 

About the authors

Sophie Planken-Bichler

Analyst
Sophie is an Analyst in the Verdantix Smart Buildings practice. She joined Verdantix in 2023, having previously worked as a landscape architect at James Blake Associates, where she gained experience in sustainable design and environmental policy. Sophie holds a BSc in Geography from the University of Exeter.

Claire Stephens

Research Director, Smart Buildings
Claire Stephens is Research Director of the Smart Buildings team. With 18 years of experience in the sector, Claire is recognized as an expert in industries that make up the built environment, in particular, corporate and commercial real estate, and workplace and sustainability technologies. At Verdantix, Claire will be digging into building technology for building owners, occupiers and investors, focusing on how to support them in reaching their ESG objectives. Prior to her arrival at Verdantix, Claire launched Asia’s first corporate real estate, green building and building technology publications. She has also delivered full lifecycle real estate consultancy services covering a broad range of asset types in industries including financial services, oil and gas, pharmaceuticals, technology, consumer goods, media, retail and hospitality.

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