Collaboration 'key' to feasibility success, says CEO of Dubai's CCS
EXCLUSIVE: Open exchanges can help contractors accurately estimate construction budgets, Andrew Skudder tell CW
Collaboration through an open exchange between project stakeholders is “key” to improving feasibility studies, an expert from Dubai-based tech firm Construction Computer Software (CCS) told Construction Week.
A firm’s financial sustainability is “often determined at the time of tendering”, when projects are at their least well defined and “numerous uncertainties exist” said Andrew Skudder, the tech firm’s chief executive officer.
“In order to protect their margin and financial sustainability, contractors need to undertake comprehensive feasibility studies to answer the key question all contractors should be asking: ‘Should we proceed with this project and if so, how will we manage our risk, cost, and time?’”
The key elements to be considered in this process, he added, are the “scope of the project; the maturity of design; the supply chain; sub-contractor competency and readiness; and the various project-specific risks.
“Collaboration between owner, designer and constructor is key to improving the feasibility process, where an open exchange of information is encouraged so that contractors can more accurately estimate the time and budget to complete a project resulting in more certainty to the owner and enhanced financial sustainability of the contractors.”
The mantra of collaboration is often touted as critical to the continued success of the GCC’s construction sector looking ahead.
Establishing an agreed framework and aligning corporate cultures from the get-go between project stakeholders was highlighted at Construction Week’s Leaders in Construction UAE Summit 2018 in September.
“You have to pick your partner very carefully and I think you have to complement each other,” said event panellist Kez Taylor, chief executive officer of UAE contracting heavyweight ALEC.
“If you put two similar people together, often they clash. But if both are complementary to each other and maybe slightly different, at the end of the day you work well together."