ENR: Engineers and Contractors Need a New Mindset Toward Owners

Posted on 10/12/2016 in Engineering - 0
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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.

 

About The Author

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Gretchen Gagel

Gretchen is a recognized expert in the construction industry, consulting to both “owners” to support the cost-effective planning, design, and construction of capital assets; and consulting to contractors, engineering firms, and material and equipment suppliers on how to effectively serve these clients and achieve organizational success. Gretchen is a graduate of the University of Denver MBA program, and received her Bachelor of Science in mechanical engineering from Southern Methodist University. In addition, she holds a Master of Nonprofit Management from Regis University.