Owners today typically have capital available due to limited spending due to the downturn in the industry in the late 2000s. Many of these owner organizations are now aggressively going after opportunities to spend capital on value added assets within their strategic plans. Owner capital budgets are often measured in the billions of dollars today and plant capital programs are equally as impressive. This is putting a strain on resource availability in the Engineering, Procurement and Construction industry. Contractors are stretched to their resource limit which fosters an environment of aggressive hiring as well as mergers and acquisitions. Owners need to recognize this trend and provide better direction and planning to support the contractor efforts.
Capital Project Impact:
With some of these trends in mind, the contracting community today needs to secure close alignment between owner, contractor and sub contractor to assure overall project objectives are well defined and communicated. Project controls is an absolute must in these highly active times to achieve excellent productivity and maximum utilization of the companies available resources. Most contractors are also engaged in extensive training programs to mature their resources quicker and orient new members in the organization to the company policies and practices. Change management and claims avoidance is paramount in these times of high activity.
Lurgi PSI, Inc.
Tarpon Energy Services Ltd.
The Brock Group
Zachry Construction Group
Although Pathfinder’s main focus is assisting owner organizations in planning and executing projects, in today’s world, to achieve success, the contractor community has to be integrated into these improvement initiatives. Often Pathfinder is asked to assist in facilitating alignment workshops between all parties which define roles, responsibilities, communication lines, reporting requirements, etc. In addition, contractors also call on Pathfinder to better prepare them for what the owner’s expectations are in areas such as project controls, contract administration, change management, etc. Pathfinder often acts as a sounding board for contractors to assure industry best practices are applied efficiently and effectively for the benefit of the defined project objectives.
Association for the Advancement of Cost Engineering (AACEI)
Construction Industry Institute (CII)
Construction Owners Association of Alberta (COAA)
Construction Users Roundtable (CURT)
Engineering and Construction Contracting Association (ECC)