The National Audit Office, in their report “Modernising Construction , 2001” reported that in 2001, 73% of projects were over budget and 70% were delivered late.
The Farmer Report, “Modernise or Die” published in October 2016, concluded that ‘many of the features of the industry are synonymous with a sick, or even dying patient.’ Critical symptoms identified included:
- Low productivity
- Low predictability
- Structural and leadership fragmentation
- Low margins, Adversarial pricing models and financial fragility
- Lack of collaboration and improvement culture
- Lack of R&D + Investment in Innovation
- Poor Industry image
There is a clear gap in the market for innovative software that helps to keep large scale projects on time and on budget through real time management of all parties involved.