Worst DIY Installs Ever Part 7
10 Must-Have Products for Your Next Install
6 Amazing High-End Home Theaters
8 Awesome Turntables for Spinning Vinyl
Print
Email
Comments (1)
Share
AIA to Issue Database of ‘Stalled Projects’
American Institute of Architects will publish a list of commercial projects, averaging $50M, that are waiting for financing. What a great source for new integration business!
Looking for a potential source of new commercial projects at the ground floor?
The American Institute of Architects (AIA) has announced it will create a new database that lists "stalled projects." The goal of the list is for potential investors, who might want to finance the projects, which average $50 million, according to AIA.
The list could be a valuable teaser file for integrators to get involved, especially since the projects are still in the earliest stages. The database should be available in coming months.
“We are committing to developing this database not just with the fortunes of architects in mind,” says AIA president Clark Manus. “In large part, the fortunes of the entire U.S. economy rest on the jobs-creating potential of the design and construction industry, which accounts for $1 in $9 of U.S. Gross Domestic Product, according to the U.S. Census Bureau.”
The AIA commitment comes as the design and construction industry is plagued by a continuing dearth of credit for otherwise credit-worthy projects. Almost two-thirds of architects responding to a recent AIA survey reported at least one project that is stalled due to lack of financing, despite record low interest rates.
The American Institute of Architects (AIA) has announced it will create a new database that lists "stalled projects." The goal of the list is for potential investors, who might want to finance the projects, which average $50 million, according to AIA.
The list could be a valuable teaser file for integrators to get involved, especially since the projects are still in the earliest stages. The database should be available in coming months.
“We are committing to developing this database not just with the fortunes of architects in mind,” says AIA president Clark Manus. “In large part, the fortunes of the entire U.S. economy rest on the jobs-creating potential of the design and construction industry, which accounts for $1 in $9 of U.S. Gross Domestic Product, according to the U.S. Census Bureau.”
The AIA commitment comes as the design and construction industry is plagued by a continuing dearth of credit for otherwise credit-worthy projects. Almost two-thirds of architects responding to a recent AIA survey reported at least one project that is stalled due to lack of financing, despite record low interest rates.
Subscribe to the CE Pro Newsletter
Read more Commercial stories
Eragy Launches Control4 Energy Management AppsUTC Sells Commercial Fire, Security Installation Business
Bringing Building Automation to Residential Projects
ADT Commercial Changes Name to Tyco Integrated Security
Revenues from Commercial Automation Installs to Double By 2021
More in Commercial
About the Author
Jason Knott, Editor, CE Pro
Jason has covered low-voltage electronics as an editor since 1990. He joined EH Publishing in 2000, and before that served as publisher and editor of Security Sales, a leading magazine for the security industry. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He is currently a member of the CEDIA Education Action Team for Electronic Systems Business. Jason graduated from the University of Southern California.
1 Comments (displayed in order by date/time)
Page 1 of 1 comment pages
You’ve got my attention! Will there be a follow up article to this?