
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.