Construction / EPC
Insights
Helping construction / EPC businesses realize value by integrating people, process and technology
Industry Challenges
01 Extensive handoffs
The EPC industry has extensive handoffs both internally (departments / disciplines) and externally (vendors / suppliers). Further, many of these internal handoffs depend on various individual solutions. The transfer of information between internal -> external parties is a critical data risk point, creates inefficiencies, and prevents true transformation.
03 Failed solutions
Technology solutions accumulate over time, requiring a steady stream of labor to maintain the prior solutions, in addition to the labor required to deliver on new solutions. Yet often the business problems are never actually eliminated.
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Consider Revenue per FTE efficiency remaining unchanged, despite hundreds of millions in technology investments.
02 Talent shortages
EPC companies aren’t just competing with industry peers. Labor is more mobile than ever before, and other industries have competitive offerings, leading top talent away from the industry. Many EPC companies have been dependent on access to cheap labor with low turnover to maintain tribal processes. Abundant, cheap, reliable labor rarely exists in the current market.
04 Incompatible resources
Resources that are most successful in the EPC environment, often the best short-term problem solvers, are generally not well suited for developing and implementing true transformation. The talent shortage and competition has further exacerbated this problem, ensuring that the only people remaining are those who are best suited to maintain legacy practices.