By Barry B. LePatner
Read Online or Download Broken Buildings, Busted Budgets: How to Fix America's Trillion-Dollar Construction Industry PDF
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Extra info for Broken Buildings, Busted Budgets: How to Fix America's Trillion-Dollar Construction Industry
As a consequence, our market for buildings and other construction work is badly broken. No institution—the equivalent of a Zagat guide for construction—helps owners and developers to distinguish honest contractors from highwaymen. No effective intermediary on a nationwide basis exists to stop contractors from exaggerating, misrepresenting, or lying to owners to extract inﬂated and extra payments for both the base bid price and subsequent change orders. Most owners, even relatively big, sophisticated ones like the MTA, usually do not have the capability to properly determine whether the construction costs submitted by the contractor are fully legitimate.
Rather, the industry’s perennial productivity problem ﬂows from the simple fact that one side has good information and leverage and the other doesn’t. There is no reason to improve. ” Construction is a difﬁcult business for sure. Much of the construction activity that supplies our indoor world takes place outdoors, exposing workers and equipment to the full range of Mother Nature’s wrath. What looks like a nice site on a sunny June day turns into a caldron in August, a freezer in January, a mud hole in March.
Obviously, the CM and the design team need to adhere to a rigorous design and construction schedule. There can be no deviation in the overall design plan for the building once the construction commences without serious cost implications. For this reason, the fast-track process is best suited for simple projects with little potential for design error. Most owners who choose this construction process are sophisticated enough to weigh the trade-offs: is the potential cost savings of an early ﬁnish offset by the potential for huge cost increases?
Broken Buildings, Busted Budgets: How to Fix America's Trillion-Dollar Construction Industry by Barry B. LePatner