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Keep up to dateBy Hamish Lal2020-02-07T06:00:00
The core lesson of the National Audit Office report on cost and time overruns on infrastructure projects
The National Audit Office has issued a report looking at cost and time overruns on higher‑value construction projects. Some who read Managing Infrastructure Projects on Nuclear-regulated Sites will simply ignore the report, asserting that it does not apply to the building sector but is limited to the highly regulated and highly technical nuclear sector. Other readers will grasp the opportunity and want to understand what the report has concluded and what it tells us about mitigating cost and time overruns. Reader fatigue is not surprising when one recalls the various “concepts” canvassed over the years to counter cost and time overruns: early contractor involvement; partnering and alliancing, target cost contracting, hybrid contracting.
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