Broken Buildings, Busted Budgets

Broken Buildings, Busted Budgets

Author: Barry B. LePatner

Publisher: University of Chicago Press

Published: 2008-09-15

Total Pages: 240

ISBN-13: 0226472698

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Addressing the out-of-control delays and cost overruns of construction projects across the nation, prominent construction attorney LePatner builds a powerful case for change in an industry that consumes $1.23 trillion and wastes at least $120 billion each year.


Broken Buildings, Busted Budgets

Broken Buildings, Busted Budgets

Author: Barry B. LePatner

Publisher: University of Chicago Press

Published: 2008-09-15

Total Pages: 240

ISBN-13: 0226472701

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Across the nation, construction projects large and small—from hospitals to schools to simple home improvements—are spiraling out of control. Delays and cost overruns have come to seem “normal,” even as they drain our wallets and send our blood pressure skyrocketing. In Broken Buildings, Busted Budgets, prominent construction attorney Barry B. LePatner builds a powerful case for change in America’s sole remaining “mom and pop” industry—an industry that consumes $1.23 trillion and wastes at least $120 billion each year. With three decades of experience representing clients that include eminent architects and engineers, as well as corporations, institutions, and developers, LePatner has firsthand knowledge of the bad management, ineffective supervision, and insufficient investment in technology that plagues the risk-averse construction industry. In an engaging and direct style, he here pinpoints the issues that underlie the industry’s woes while providing practical tips for anyone in the business of building, including advice on the precise language owners should use during contract negotiations. Armed with Broken Buildings, Busted Budgets, everyone involved in the purchase or renovation of a building or any structure—from homeowners seeking to remodel to civic developers embarking on large-scale projects—has the information they need to change this antiquated industry, one project at a time. “LePatner describes what is wrong with the current system and suggests ways that architects can help—by retaking their rightful place as master builders.”—Fred A. Bernstein, Architect Magazine “Every now and then, a major construction project is completed on time and on budget. Everyone is amazed. . . . Barry LePatner thinks this exception should become the rule. . . . A swift kick to the construction industry.”—James R. Hagerty, Wall Street Journal


Too Big to Fall

Too Big to Fall

Author: Barry B. LePatner

Publisher: UPNE

Published: 2010

Total Pages: 265

ISBN-13: 0984497803

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A comprehensive overview of the shocking state of our nation's infrastructure and what must be done to fix it


Building Lean, Building BIM

Building Lean, Building BIM

Author: Rafael Sacks

Publisher: Routledge

Published: 2017-12-06

Total Pages: 408

ISBN-13: 1315300508

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Building Lean, Building BIM is the essential guide for any construction company that wants to implement Lean Construction and Building Information Modelling (BIM) to gain a strategic edge over their competition. The first of its kind, the book outlines the principles of Lean, the functionality of BIM, and the interactions between the two, illustrating them through the story of how Tidhar Construction has implemented Lean Construction and BIM in a concerted effort over four years. Tidhar is a small-to-medium-sized construction company that pioneered a way of working that gave it a profit margin unheard of in its market. The company's story serves as a case study for explanation of the various facets of Lean Construction and BIM. Each chapter defines a principle of Lean and/or BIM, describes the achievements and failures in Tidhar's implementation based on the experiences of the key people involved, and reviews the relevant background and theory. The implementation at Tidhar has not been a pure success, but by examining their motives alongside their achievements and failures, readers will learn about what pitfalls and pinnacles to expect. A number of chapters also compare the experience of Tidhar with those of other companies who are leaders in their fields, such as Skanska and DPR. This book is highly relevant and useful to a wide range of readers from the construction industry, especially those who are frustrated with the inefficiencies in their companies and construction projects. It is also essential reading for Lean and BIM enthusiasts, researchers and students from a variety of industries and backgrounds.


Other People's Money

Other People's Money

Author: Charles V. Bagli

Publisher: Penguin

Published: 2014-03-25

Total Pages: 434

ISBN-13: 0142180718

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A veteran New York Times reporter dissects the most spectacular failure in real estate history Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town–Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit—and MetLife scored a $3 billion profit? Illuminating the world of big real estate the way Too Big to Fail did for banks, Other People’s Money is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown.


The Commercial Real Estate Revolution

The Commercial Real Estate Revolution

Author: Rex Miller

Publisher: John Wiley & Sons

Published: 2009-07-08

Total Pages: 91

ISBN-13: 0470523700

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As it currently operates, the commercial real estate construction industry is a disaster full of built-in waste. Seventy-percent of all projects end over budget and late. The buildingSMART Alliance estimates that up to fifty-percent of the process is consumed in waste. Almost every project includes massive hidden taxes in the form of delays, cost overruns, poor quality, and work that has to be redone. Building new structures is a fragmented, adversarial process that commonly results in dissatisfied customers and frequently ends in disappointment, bitterness, and even litigation. The industry must change—for its own good and that of its customers. But while the industry has tried to reform itself, it can’t do it alone. Real change can only come from business owners and executives who refuse to continue paying for a dysfunctional system and demand a new way of doing business. The Commercial Real Estate Revolution is a bold manifesto for change from the Mindshift consortium—a group of top commercial real estate industry leaders who are fed up with a system that simply doesn’t work. The book explains how business leaders can implement nine principles for any project that will dramatically cut costs, end delays, create better buildings, and force the industry into real reform. The Commercial Real Estate Revolution offers a radically new way of doing business—a beginning-to-end, trust-based methodology that transforms the building process from top to bottom. Based on unifying principles and a common framework that meets the needs of all stakeholders, this new system can reform and remake commercial construction into an industry we’re proud to be a part of. If you’re one of the millions of hardcore cynics who work in commercial construction, you probably think this sounds like pie in the sky. But this is no magic bullet; it’s a call for real reform. If you’re an industry professional who’s sick of letting down clients or an owner who’s sick of cost overruns and endless delays, The Commercial Real Estate Revolution offers a blueprint for fixing a broken industry.


A Better Way to Build

A Better Way to Build

Author: Michael R. Adamson

Publisher: Purdue University Press

Published: 2013-01-15

Total Pages: 399

ISBN-13: 1612492312

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While architects have been the subject of many scholarly studies, we know very little about the companies that built the structures they designed. This book is a study in business history as well as civil engineering and construction management. It details the contributions that Charles J. Pankow, a 1947 graduate of Purdue University, and his firm have made as builders of large, often concrete, commercial structures since the company's foundation in 1963. In particular, it uses selected projects as case studies to analyze and explain how the company innovated at the project level. The company has been recognized as a pioneer in "design-build," a methodology that involves the construction company in the development of structures and substitutes negotiated contracts for the bidding of architects' plans. The Pankow companies also developed automated construction technologies that helped keep projects on time and within budget. The book includes dozens of photographs of buildings under construction from the company's archive and other sources. At the same time, the author analyzes and evaluates the strategic decision making of the firm through 2004, the year in which the founder died. While Charles Pankow figures prominently in the narrative, the book also describes how others within the firm adapted the business so that the company could survive a commercial market that changed significantly as a result of the recession of the 1990s. Extending beyond the scope of most business biographies, this book is a study in industry innovation and the power of corporate culture, as well as the story of one particular company and the individuals who created it.


Leading Without Authority

Leading Without Authority

Author: Keith Ferrazzi

Publisher: Currency

Published: 2020-05-26

Total Pages: 257

ISBN-13: 0525575669

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The #1 New York Times bestselling author of Never Eat Alone redefines collaboration with a radical new workplace operating system in which leadership no longer demands an office, an official title, or even a physical workplace. “An actionable methodology for any team to thrive during the decade of exponential change ahead.”—Peter H. Diamandis, founder of XPRIZE and Singularity University, bestselling co-author of Abundance, Bold, and The Future Is Faster Than You Think In times of stress, we have a choice: we can retreat further into our isolated silos, or we can commit to “going higher together.” When external pressures are mounting, and employees are working from far-flung locations across the globe, says bestselling author Keith Ferrazzi, we can no longer afford to waste time navigating the complex chains of command or bureaucratic bottlenecks present in most companies. But when we choose the bold new methodology of co-elevation as our operating model, we unlock the potential to boost productivity, deepen commitment and engagement, and create a level of trust, mutual accountability, and purpose that exceeds what could have been accomplished under the status quo. And you don’t need any formal authority to do it. You simply have to marshal a commitment to a shared mission and care about the success and development of others as much as you care about your own. Regardless of your title, position, or where or how you work, the ability to lead without authority is an essential workplace competency. Here, Ferrazzi draws on over a decade of research and over thirty years helping CEOs and senior leaders drive innovation and build high-performing teams to show how we can all turn our colleagues and partners into teammates and truly reboot the way we work together.


The Construction MBA: Practical Approaches to Construction Contracting

The Construction MBA: Practical Approaches to Construction Contracting

Author: Matt Stevens

Publisher: McGraw Hill Professional

Published: 2012-07-02

Total Pages: 513

ISBN-13: 0071763260

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Proven business strategies for operating a profitable and efficient construction firm Written by a successful management researcher, advisor, and educator to construction contractors, The Construction MBA reveals effective operating practices for managing the multiple processes that must work simultaneously to make a construction firm consistently profitable. The methods in the book apply to both general and specialty contracting firms and describe how to grow both the top line and bottom line. This strategic resource explains how to integrate metrics into your business model that allow you to identify and react to critical trends. You'll learn ways to gain the competitive edge by adopting superior processes, speeding up your business cycle, and maximizing client satisfaction. Tips for positioning your firm on the "sweet spot" of the risk-reward curve are also included. Realworld case studies demonstrate the concepts presented in this practical guide. In addition, eight legendary management books are reviewed and their lessons are applied to the construction contracting business. The Construction MBA covers: The new business model Corporate objectives and strategies Work acquisition Operations management Human resources Financial management Technology Good operating practices


The Leadership Lab

The Leadership Lab

Author: Chris Lewis

Publisher: Kogan Page Publishers

Published: 2018-10-03

Total Pages: 297

ISBN-13: 074948344X

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FINALIST: American Book Fest Best Book Award 2020 - Business: Management & Leadership WINNER: Independent Press Award 2020 - Leadership Category WINNER: NYC Big Book Award 2019 - Business General Category WINNER: Business Book Awards 2019 - Business Book of the Year How can today's business leaders keep up with seismic geopolitical and economic shifts that include Brexit, inflation and the unseating of traditional political powers, and what do these mean for their own leadership narratives? In The Leadership Lab, bestselling author Chris Lewis and superstar megatrends analyst Dr Pippa Malmgren help you lead your team through this change successfully. Covering everything from how to build a new type of leadership trust when other spheres of public power have been overturned, to robots overtaking companies and worldwide indebtedness affecting business, this book explains not only why the old rules no longer apply, but also how to blaze a trail in this new world order and be the best leader you can be. The Leadership Lab includes exclusive interviews with top executives grappling with the new world order and discusses what key global trends keep them awake at night and how they respond to them. It is a must-read for aspiring leaders and C-level executives seeking to develop a real intuition when it comes to dealing with the global currents disrupting business and how to build an empathetic, credible, stable and strong leadership path.