Innovative construction capital delivery for public sector owners can consistently enable quality, on-time, on-budget and fully compliant repair, renovation, maintenance, sustainability, and new build outcomes.
Enhancements to locally researched construction cost data and the integration with robust, proven LEAN planning, procurement, and project delivery processes, supported by collaborative cloud technology can enable any public sector owner to deploy efficient, streamlined capabilities and measurably improved outcomes with complete cost visibility and transparency.
85% of all construction projects are over-budget, late, and/or poorly completed. This results in a waste of public funds of 30%-40%+, or billions annually.
Minimizing risk through cost certainty and a fully communicated and detailed work scope are critical to every repair, renovation, and new build. Consistent achievement of both on organization-wide basis requires; 1.) integrating People, Process, Information, and Technology using a common data environment (locally researched detailed unit line-item cost data, organized by CSI Masterformat), 2.) owner leadership and support, and 3.) leverage of core LEAN principles.
Public sector owner and design-builders working collaborative toward well-defined, mutually beneficial goals…. what a concept!
- Deliver 90%+ of ALL projects on-time, on-budget, and in a quality manner
- Full technical and financial visibility and transparency
- Continuous improvement
For more information, just ask.
Construction rework costs $625 Billion annually.
Just 31% of all projects came within 10% of budget within the past three years.
Primary Causes of Construction Failures
- Lack of competent, consistent, owner leadership
- Failure to implement integrated robust LEAN construction planning, procurement, and project delivery methods
These failure points result in…
- Poorly developed and poorly communicated Scope of Work
- Inadequate and unsupportable construction cost estimates
- Serious project planning, procurement, and project management errors and associated requirements for change orders
- Inappropriate project delivery team composition
References:
- International Journal of Innovation, Management, and Technology
- Dodge Data & Analytics
- McKinsey & Company “Imagining Construction’s Digital Future”
- Carnegie Mellon Research
- KPMG Global Construction Survey