Sources: Shaping the Future of Construction, World Economic Forum, 2016; The Construction Productivity Imperative, McKinsey, 2016; Imagining Construction’s Digital Future, McKinsey, 2016; PR Newswire; KPMG
Optimizing design, embracing new tech and rooting out wasteful processes could yield massive savings.
OPPORTUNITIES AT HAND
of U.S. solid waste comes
from construction and
of leftover construction and
demolition material isn’t recycled
— 40 percent of which is lumber.
Common factors causing delays and cost overruns on megaprojects:
Up to 80%
75% of project owners using building information modeling report a positive ROI and shorter project life cycles.
The application of lean principles—
which aim to systematically eliminate
wasteful processes—on construction
projects globally could cause… 20%Average total construction proj- ect savings achievable through a 2 percent increase in upfront costs to optimize design
Annual global savings from a 1 percent reduction in construction costs
Estimated annual cost savings from full-scale digitalization of
nonresidential construction projects within 10 years
Cost savings achieved on a US$5 billion
U.S. rail project that used automated
workflows for reviews and approvals
and costs during
a BMW plant
project in Brazil