Construction Magazine April 2020 | Page 69

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FEWER MISSED SCHEDULES

Construction businesses with the highest levels of trust are the most confident about meeting their project schedules . Organisations where trust is high are twice as confident as those where trust is “ above average ” ( 43 % compared to 21 %). Missing deadlines can be expensive . According to FMI estimates , missed schedules can cost a $ 100mn contractor approximately $ 17.5mn a year in direct and indirect expenses . Compared to organisations where trust is above average , organisations where trust is very high could benefit by as much as $ 4mn a year by meeting their deadlines . www . constructionglobal . com