Working in construction is difficult and that is before you consider the recent challenges of scarce material supply and increasing inflation adding additional risks to business owners. Most construction companies run on lean margins and must manage the unforeseen risks just to survive.
The construction process has many breaks where the responsibility of the different elements can be outside of the contractors control. The number of stakeholders that are required to design and build a project varies depending on the scope, the municipality, and the owners’ requirements. In addition, the owners’ requirements have recently been increasing adding further complexity to both the project and building process.
When contracting builders, most owners want a fixed fee contract and to shed as much of the risk as possible to the contractor. Construction contracts typically are formed under the traditional benchmarks of cost, schedule and quality.
Based on this landscape is it surprising that innovation within the construction sector is slow to take hold instead favoring known building methods and leaning towards established relationships?
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