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Project owners and other stakeholders are adapting the way in which they structure their capital projects from a contractual and execution standpoint to address the challenging and often disruptive forces that the global construction industry has weathered over the past few years in order to mitigate their risks, provide for greater flexibility in a changing economic environment, take advantage of new technologies and secure their preferred construction partners, capable of performing their most important projects on schedule and on budget.
In this Project Delivery issue, we explore some of these trends, which include the increasing drive to embrace technology, contractor efforts to distribute project risks among multiple stakeholders, and owner efforts to employ contractual structures that allow for greater flexibility and speed in project execution.
- Chris Edwards (Dubai) and Lauren Banner (Dubai) discuss the trend on large-scale capital projects in the Middle East region to move away from the traditional single engineering, procurement and construction (EPC) project delivery approach towards an engineering, procurement and construction management (EPCM) model that diversifies the project risk across multiple contractors and suppliers.
- Antoine Smiley (Houston) and Matthew Houghton (San Francisco) likewise discuss the trend towards multi-prime and multi-phase contracts that increasingly incorporate cost sharing and collaborative features that mitigate possible cost and schedule impact risks.
- Gesuè Staltari (Pittsburgh) sits down with James Gabriel, the President and Chief Executive Officer of MODLOGIQ, to discuss both the promise of modular construction and the project delivery approaches that best leverage the benefits of that new technology.
- Liam Hart (London) discusses the specific contractual mechanisms and project management techniques that project owners should utilise to reduce the risks when employing off-site/modular construction technologies.
- James Doerfler (Pittsburgh) speaks with Rajkumar Kuppuswamy, Martin Klein Jim Short and Tim Cupples, four senior officials at the National Passenger Railroad Corporation, commonly known as Amtrak, about the innovative project delivery approaches and strategies Amtrak has pursued in launching a slate of transformative multibillion-dollar capital projects in the Northeastern United States.
- Liam Hart (London) sits down with Nina Howell (London), a London-based partner who represents clients across the globe involved with liquified natural gas (LNG) projects and gets her observations on the trends she has been seeing in her practice and the global LNG industry generally.
As ever, we look forward to working with all our clients and construction industry colleagues throughout 2025 and beyond.
We hope you enjoy reading.
Please download the PDF report below.
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