30 - 31 May, 2012, Amara Hotel, Singapore
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When it comes to construction management, it seems that honesty is the best policy. And not only both Jeff Stephenson and Timothy Galarnyk believe that not only will this transparency make the construction project run smoothly but it will also help identify the needs of the project owner.
Jeff Stephenson, EPMC Specialist, for Chiyoda gave us an insight into the many new and exciting potential ways that are up and coming in the EPC world.
“From technology to global outsourcing however there is one thing that could make a major impact and it does not have to be developed or created. It is just a change in policy and mindset of owner/investors. Simply stated, it is the opportunity for all stakeholders to be honest with each other on realistic costs and durations.”
“If everyone would just be honest with each other and not try to paint an overly optimistic picture on things, you would be amazed at what would happen. I am particularly talking about the pricing and selection process for EPC. I have personally witnessed on numerous occasions that unsuccessful bidders have been spot on pertaining to duration and cost of a project. They were disqualified for being too expensive or proposing durations perceived as excessive but at the end of the day, if they had been selected they would have delivered the project on schedule and on budget and all the back and forth negotiations, cure notices, angry progress meetings, etc. would have not happened,” said Stephenson.
Download his complete interview here
Timothy Galarnyk, CEO for Construction Risk Management, explained that the first thing that construction project managers should do is to begin looking at the project owners money as their own.
“The future is trending toward delivery of a construction project that is what the owner NEEDS and not what some engineering company wants the owner to have. The owner is generally not sophisticated about construction and therefore currently relies on an engineer or architect. Engineers and architects do not construction anything. They design and engineer projects - the project manager must take the design and the engineering and "BUILD" the project. Many times, these functions conflict with the engineering and design winning out at a loss to the owner. In the future, a project manager who can meet the owners NEEDS in a safe, efficient and productive manner will reap the benefits ten-fold,” said Galarnyk
Read Inspector America’s secret strategies to become a stunning construction manager revealed here
“There was a great mix of speakers from different parts of the world. They shared valuable risk management strategies on practical case studies.”
“This event gives great in-depth knowledge of various aspects of construction project management. It is not to be missed!”
It is the objective of this event to bring together decision makers and influential personnel in order to directly assess and confront the most daunting industry challenges. These people include:
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