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‘Risks mounting’ for contractors with poor digital records

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  1. The same onus equally applies to clients/ owners, if not more so. Clients will therefore need to clearly articulate what they are procuring in terms of digital information, as well as the physical asset. This in turn will drive consistent, quality supply chain deliverable’s utilizing BIM processes.

  2. In a modern world, where tasks and many construction operations and decisions are carried out digitally for advancement. I see it as crucial for all professionals in the business of the built environment to go digital, globally.

  3. Thanks Ryan and Folarin.
    Ryan, I agree with you, the specific nature of the risks & how they are likely to manifest will depend on your particular business and this will certainly need to be driven by clients/owners. This important group they have their own risks, which I talked about at the DCS – perhaps most significantly of all, they are directly responsible & accountable to the communities who they serve in addition to any legal requirements. As a result I think that clients like Jack at Peabody (who has also been quoted), will be driven to require a change in approach within their procurements (and prepared to agree appropriate terms with their supply chains to incentivise and enable them to deliver this).
    Regardless of this however, I also foresee/predict that there will be increasing risks for supply chain as a result of poor information and records on built assets, both from a contractual and insurance perspective, as well as any potential for regulatory non-compliance. If I am right, then this concerns me, as it is not how things have been procured, paid for & approached to date, so it may be difficult for supply chain to manage retrospectively and they therefore need to start thinking about this.
    I also mentioned at the DCS that I don’t think we should under-estimate that real change is going to involve challenges and will require some dedicated focus and commitment over the coming years: a change in procurement approach in relation to these issues will be needed, in particular a need to look at whole life cost as opposed to simply cost of construction.

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