Why Do Construction Projects Fail?
Real Property Owners continue to under-perform when it comes to facility or infrastructure renovation, repair, sustainability or new construction.
– 80% of projects exceeded budgets by more than 10%
– 75% of projects exceeded a 10% increase in delivery time
– 30% of Owners prepared a quantitative risk analysis
– 32% of Owners have a high level of trust in their contractors
– 70% of Owners blame contractor for poor project performance