ENR: Engineers and Contractors Need a New Mindset Toward Owners

What happens when a business consistently tells Wall Street it is going to construct a specific amount of capital improvements each year but consistently misses? And what happens when any type of owner organization must react quickly to changes in regulations by replacing a significant amount of its asset base but can’t?

Our firm, Continuum Advisory Group, recently conducted two owner studies—one in conjunction with the Construction Industry Institute (CII), and another with the Construction Users Roundtable (CURT)—that underscore the magnitude of what happens when an owner cannot effectively execute capital programs, especially in the face of ever-changing programmatic needs. These studies illustrate that corporate engineering and construction departments must evolve to become a vital participant in corporate strategy and planning and that outside engineering and construction companies must begin to view responding to owner scope changes as part of their ordinary services, instead of as disruptions and triggers of disputes.

Read the FULL ARTICLE from Engineering News-Record by Continuum Advisory Group President Gretchen Gagel.