Construction Intelligence Report

  Procurement Outlook Mechanical electrical and plumbing services in the planning, design, and maintenance of different elements of a building which can be classified under one or more of the headers; mechanical, electrical, and plumbing services. Commonly known as MEP, these services are essential not only during the construction of a building but also during its lifetime. The major services offered under the MEP service provider are maintenance of the HVAC system, installation, and maintenance of electrical lines and power circulation, maintenance of pipes and the plumbing system to ensure proper cleaning and water sanitation. The MEP industry has evolved over the years. Back in the early 2000s, MEP was considered a specialized service offering. However, with the progress in facilities management, the facility management service providers have incorporated elements of mechanical, electrical, or plumbing services so that they can provide a comprehensive package with th...

Procurement Outlook Management Consulting services consists of sales of consulting products, services, and packages by organizations who provide advisory and assistance functions to their clients related to several domains (but not restricted to) like planning, cost analysis, budgeting, marketing strategies, administration, and human resource practices, production and logistics scheduling, etc. The task of management consulting is categorized under outsourced activities by the consumers. Demand Outlook The global management consulting market was valued at USD 313 billion in 2020 and it is projected to reach approximately USD 630 billion by 2027. While most of the sectors suffered a decline during the pandemic, management consulting boomed during this period., having grown at a rate of 12.7% from 2020 to 2021. Regionally, North America and Europe are the largest markets for management consulting with most of the renowned consulting firms being headquartered or located in either US...