Failure costs, the consumer pays
Almost 50% of Construction Companies estimate their failure Costs at 5% or more. A multi-billion Euro issue annually
This conclusion comes from a survey conducted by ABN AMRO.
THE EASIEST WAY TO MAKE MONEY IS TO STOP LOSING IT
Is this information new, and does it fully represent the failure costs across the entire real estate sector? No! Check out the articles "Reinventing Construction" from 2017 or "The Construction Productivity Imperative" from 2015 by McKinsey & Company, or even our own blog on how procurement stifles innovation.
Who pays for these costs? That's right—you do! Whether you're a tenant, owner, or developer, you are directly or indirectly covering these unnecessary cost overruns through higher rents or purchase prices. Is this fair? No! Can it be improved? Yes!
How?
By changing the mindset across the entire real estate sector—not just among builders. Curious about the seven key pillars to make a difference? Watch the video below.
Have we already discovered the Holy Grail? Not yet, but we are working hard on it every day. We look forward to collaborating with you to create a smarter, fairer real estate market. Are you in?
