Why P2IC Exists

Current State of Construction

There are many issues which could affect successful delivery of a project, mainly time and cost overruns in construction are very common. The causes of construction overruns have been investigated and the most common causes are:

• Poor or incomplete design and documentation;
• Client scope change during construction;
• Mistakes during construction;
• Delays in decision making or instructions;
• Poor communication;
• Poor planning and scheduling;
• Weather;
• Labour;
• Incorrect material types or quantity;
• Lack of innovation.

As a result of these causes, the construction industry is facing declining productivity. Data published by the United States Bureau of Labor Statistics show that in the last 40 years, while non-farm productivity has increased by over 200%, productivity in the construction industry has actually declined.

This is creating a crisis for the construction industry given the global demand for construction and the typical size of financial commitment and therefore risk involved.