BSI bids to cut costs on infrastructure projects

Grant Prior 3 years ago
Share

Standards body BSI haslaunched a new whitepaper on how to minimise risks in infrastructure projects.

Experts suggest that a better approach to scope development and managing risk and contractual change could save up to £25bn a year on projects.

BSI worked with industry experts and researched existing practices to identity key challenges, then considered how organizations can address these issues. The whitepaper covers:

  • The three main underlying issues with scope development
  • Impacts on costs and programme timings
  • Related existing standards and potential gaps to address
  • Five ways that organizations to improve the scope and reduce risks.

The whitepaper is aimed at those involved in planning, designing and procuring for major infrastructure programmes, including the construction industry, infrastructure owners and operators, in particular people involved in in scope development such as procurement and commercial directors, project managers and project planners.

It includes case studies including of Whitechapel Station and Associated British Ports. The lead authors were George Sethia, Head of Consulting, BSI, and Alyaa Hassona, Consultant, Built Environment, at BSI.

Sethia said: “The project scope, a document that sets out the baseline, aims and objectives of the entire project, is the critical piece of information that dictates the level of risk and certainty within the programme during the early stages.

“All focus should be on defining the project scope; getting it wrong can have drastic consequences on project performance. By contrast, addressing this from the start could contribute to £10-25 billion per year in cost savings.”

To download a copy of the whitepaper click here.

Latest suppliers & buyers news

TCC supports £22m industrial scheme

Consultants working with MCS Group on Walsall site

Contractors offered free AI PPE detection trial

VIS Systems wants main contractors to judge its effectiveness
2 weeks ago
VIS Systems

Sypro renews deal with AtkinsRéalis,

New five year partnership with consultant
2 weeks ago

NEC Contracts unveils the next generation of collaborative alliancing

NEC4 Project Alliance Contract launched
3 weeks ago
NEC Contracts

Consultant lands Creature Comforts jobs

TCC winds brace of deals for veterinary group

Kelly Formwork lands £4m deal from Skanska

Latest win is the A47/A11 Thickthorn Junction upgrade in Norfolk
1 month ago

Eque2 acquires Chalkstring

Next generation cloud estimating platform for construction
2 months ago

G&H bags £16m brace of M&E deals

Latest healthcare wins with Elliott Group and HBC Construction
2 months ago
G&H

AGD offers super productive crawler cranes

Sennebogen machines are effective on site
2 months ago
AGD Equipment Ltd

TCC helps with new Costa Coffee drive through

Consultants lands role on latest site in Shrewsbury

Mott MacDonald Bentley to host recruitment event

New staff wanted for Wessex Water schemes
2 months ago

G&H lands deals with Wates and Tilbury Douglas

Brace of packages for MEP specialist worth £7.8m
2 months ago
G&H

New Wernick depot extends reach across Scotland

Portable buildings specialist opens new facility in Inverness
2 months ago
Wernick Group Limited

Baxall builds for the future as MD steps aside

Malcolm Clarke relinquishes reins after 35 years as Stuart Hardie promoted

Yorkshire house builder unveils rebrand

Avari is new name for housing and construction group
3 months ago
Avari Homes

Scaffolding firm saved by Yorkshire Maintenance Co

Stratus Scaffolding rescued from financial plight

ProcurePro raises millions to deliver AI upgrades

Construction procurement improvements set to accelerate
3 months ago

FP McCann tests graphene roof tiles on site

Lower carbon materials pass advanced tests
3 months ago

TCC lands Lichfield green linear park

Consultant on board with another scheme in city

RED Systems joins forces with NorDan UK

Commercial glazing specialist forms partnership with Norwegian owned firm
4 months ago

Bryson lands Laing O’Rourke PPE deal

Greener reporting portal swings contract win
4 months ago

All change at the top of Pagabo

Amman Boughan becomes group CEO
5 months ago

Anamore lands London remediation projects

Specialist secures latest cladding and fire safety deals
5 months ago
Anamore

Lifting giant Palfinger links-up with APS

Deal will strengthen position in the UK market for aerial work platforms
5 months ago

Andrew Davison becomes joint MD at AGD

Industry veteran joins hire specialist from Keller
5 months ago
AGD Equipment Ltd

AI project management platform launched for SME contractors

New software built by a contractor for smaller firms
5 months ago

Sypro renews software deal with Willmott Dixon

Five-year extension deal signed
5 months ago

TCC adds expertise to Upminster Travelodge site

Consultant integral part of team on £8.6m hotel job

E+S slide rail systems now available from AGD

Hirer offers pioneering system
5 months ago
AGD Equipment Ltd

Mainland Power fits solar system at recycling centre

Contract complete at plasterboard recycling shed
6 months ago
Mainland Power

Firm Quick Find

Join Now

Sorry, there was a problem with the details you have entered. Please review the highlighted fields.

Sorry, this email address has already been registered.

Top searches