Why not fix Bad Behavior in Commercial Real Estate?

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The Money Pit “The Construction Industry wastes $500 Billion per year”

Transcript of Why not fix Bad Behavior in Commercial Real Estate?

The Money Pit

“The Construction Industry wastes $500 Billion per year”

In 2007, US Construction was estimated at $1.288 TRILLION and if the building SMART ALLIANCE is right, 50% of it is waste. That means we waste $500B annually.

Shame on Us!

The Money Pit

And some REALLY BAD Behavior

The Money Pit can be attributed to ……

50% inefficiency

The Fix is Simple…. We need to adopt a LEAN and more Integrated Project Delivery Process and…

This video describes a lean and more integrated way to deliver projects that is having a HUGE impact on our industry

https://www.youtube.com/watch?v=OgiMUBjRyPs

…… fix BAD Behavior!

Yes if we understand what is EXPECTED, have a COMMITMENT to a better PROCESS and have a SYSTEM to manage it.

If one of these is missing you will run the RISK of reverting back to the OLD ways!

Collaborate

EngagedRemove Constraints

Focused Work

Blame Work in Silos

Promise .. Don’t Deliver

Bad Designs

Bad Attitude

ExcusesPromises Completed

83,600,000 Google results 55,500,000 Google results

I thought we were all hired to do Integrated Project Delivery?

This is not enough you need a signed Manifesto or a Multi-party Agreement

A Manifesto can prevent this from happening!

http://bit.ly/1EMaLuD

We also need a SYSTEM to manage constraint free work

These two organization have adopted this SYSTEM to achieve much higher levels of performance!

Living Building Challenge CertificationNet 0 Energy Use

Okanagan College Kelowna Trades Centre Living Building Challenge Project #2

As leaders in the community it is our duty to protect the planet and demonstrate that triple bottom line economics work. For our second Living Building Challenge project,

we have adopted Integrated Project Delivery to raise the bar even higher as we want less cost, less time and to be fully commissioned at substantial completion.

Kathleen Lausman

Living Building Challenge #2

For our project we wanted to demonstrate to that triple bottom line economics work for commercial real estate. We are on target to deliver the Mosaic Centre to the highest level of

sustainability as defined by Living Building Challenge for approximately the same cost as a traditional build.

Our return on investment will be in the productivity of our people, recognition as good stewards of the planet and from the financial benefits of having higher occupancy and no energy bills.

Dennis CukuMosaic Center for Community and Commerce

Canada’s first private commercial Living Building Challenge project

Wind is to Windsurfing as GOOD Behavioris to delivering successful projects

Murray Guy (aka @Lean_tobe_Green)Ph: 306.222.5384

Email: [email protected] & www.eco-smart.ca

Breaking Down Barriers to High Performance

TRY the Integrated Project Delivery process for your next project!