Europe News Newswire Solicitation and Award Social and Regulatory Policy Federal and Central Best Practices Market Research Library Strategy and Leadership Facilities and Construction Useful Links

More emphasis should be made on the whole-life benefits of major infrastructure projects than cost, says a new Institute for Civil Engineers (ICE) policy report. The report looks at how the built environment sector can reduce the gap between cost estimates and outturns for major infrastructure projects. “ICE’s investigation into infrastructure forecasting shows, globally, that it’s incredibly difficult to forecast time and cost for major projects due to there being many unforeseen issues that can arise during delivery. Despite these uncertainties, the ultimate measure of success continues to be initial cost forecasts. The Institution recommended that the success measures for projects should shift from an over-focus on costs towards whole-life benefit,” says ICE online. The survey data illustrates support from the general public for such a move – which you can read about

0

No comments

You must be logged in to post a comment.