Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to a prolonged downturn in the construction market. Over the last five years, the winding back of educational building investment and weak housing construction markets have led to subdued demand for industry services. Revenue is estimated to rise by just 0.5% annualised over the five years through 2014-15, corresponding with a slump in the value of total building construction.
The key building markets for architectural services have displayed divergent trends over the past five years. In the non-residential building market, the value of institutional building has benefited from the injection of federal funding for school refurbishment under the Building the Education Revolution (BER) program... purchase to read more
Industry Report - Industry Products Chapter
The industry derives its revenue from the provision of professional design services on buildings and structures. These services are primarily provided by registered architects with recognised tertiary qualifications and state-based registration.
The architectural design process is typically broken into distinct stages for the purposes of billing and professional standards. The key services provided by the industry include the preparation of contract documentation, contract administration, basic design development, schematic design, pre-design services and architectural drafting. Because these are all key stages in the planning process of a building, these segments often keep their share and grow together... purchase to read more