MacCormac, of MacCormac Jamieson Prichard, a past president of the RIBA, receives a knighthood for his services to architecture, which include projects such as the Wellcome Wing of the Science Museum in west London.
Michael, chairman of Ove Arup's trustees, receives his honour for services to engineering and construction. He joined Ove Arup in 1962 and was involved with the Sydney Opera House.
Construction minister Nick Raynsford is made a privy counsellor.
Former Defence Estates quality director Clive Cain is appointed a CBE for his work on Building Down Barriers, which spearheaded the drive to overhaul procurement in government departments.
Cain, who retired from Defence Estates at the end of last year, was delighted with the honour. He said: "It was totally out of the blue and I was absolutely overjoyed."
Michael Wilford, the designer of Salford's Lowry Centre, also becomes a CBE for services to architecture.
Other recipients of the CBE include Adrian Montague, deputy chairman of Partnerships UK, for services to the PFI; professor Andrew Graves, for services to competitiveness in industry; and Millat Asian Housing Association chairman Mahbubuddin Ahmad, for community work in south London.
Joint chairman of Higgins Group Derek Higgins is appointed an OBE for services to the community.
Michael Keatinge, head of the architecture branch at the Department for Culture, Media and Sport, is appointed an OBE for services to architecture. Andrew Wright, of Edinburgh practice Law and Dunbar-Nasmith, and Leslie Clark, University of Birmingham professor of structural engineering, also become OBEs. Aman Dalvi, chief executive of Ujima Housing Association, is appointed an OBE for services to housing, and Alison Austin of J Sainsbury for services to sustainable development.
Jacquie Cannon, the director of research at Construction Forecasting and Research, who compiles the monthly Building Intelligence section in Building, is appointed an OBE.
MBEs also go to Raymond Hatchard, chief building surveyor at the Corporation of London; Sheila Hoile, development director for the Construction Industry Council's training arm; Tony Wood, CIC treasurer; and Barry Shaw, the founder and chief executive of Kent Architecture Centre.