Project outcomes in our industry, even in the best of times, are continuously affected by the unexpected. As costs continue to climb in our volatile market, contractors are having a harder time than ever before accurately advising owners on how much material sourcing may affect project outcomes, even when pricing out similar deals recently completed by the very same firms. With almost 93% of general contractors reporting facing at least one serious material shortage per project, what can be done to turn the tide back toward confidence across the project life cycle?
While we can’t eliminate all risk, what we can do is adopt the right tools to reduce its likelihood and impact to gain more confidence in our estimates and win more projects through more realistic, accurate contingency planning.
Join InEight’s Rick Deans, EVP of Industry Engagement, and Nate St. John, Product Director for Planning, Scheduling and Risk, as we explore your best bets for reducing risk –– and winning more projects –– in today’s unpredictable marketplace.