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Tradition Construction Project Delivery Statistics
Schedule and Budget
- 3 out of 4 construction projects are delivered late
- Over 75% of projects are late at least 40% of the construction phase
- 3 out of 4 projects are delivered over-budget
- Over 90% of construction projects finish with cost overruns over 30%
Communication
- 8 out of 10 owners cite the need for better collaboration with contractors
- Over 50% of project-related rework (defects/punch list items) is caused by poor project communication
- Nearly 10% increases to project schedules are caused by rework
- Communication channels increase exponentially for every team member added to design and construction projects
Sources: Dodge Data & Analytics, McKinsey, Deloitte, FMI, Navigant Construction Forum, and PMI Project Management Body of Knowledge (PMBOK® Guide)
3 Lessons