CONSTRUCTION PROJECTS chosen by Movement for Innovation to demonstrate best practice are more efficient than those in the rest of the industry, according to figures published this week.
Performance data collected on the 32 M4i demonstration projects completed so far indicated that targets set by Sir John Egan two years ago in his government-backed Rethinking Construction report can be matched or bettered.
Results revealed on Monday at the M4i conference in Birmingham showed:
80% improvement in cost and time predictability compared with an Egan target of 78% and an industry average of only 64%.
81% improvement in client satisfaction (clients awarding marks of 8/10 or above) versus 73% industry average 77% improvement in service, versus 63% industry average 90% reduction in defects, versus 65% industry average 8% increase in profit before tax, compared with 4.7% achieved by the rest of the industry.
M4i executive director Ian Huntingdon said the results offered 'the first tangible evidence that improving construction performance is good business practice'.
Movement for Innovation: www.m4i.org.uk