Colossal costs lost to construction claims and disputes – HKA report ...United Arab Emirates

The astonishing toll of overrunning costs and schedules on major construction and engineering projects worldwide is laid bare in an analysis of claims and disputes published today. CRUX Insight 2020 is the product of investigations into more than 1,100 projects across 88 countries by HKA, the construction and engineering industry’s leading specialists in consulting, expert and advisory services. After examining 1,185 projects with a combined CAPEX worth more than US$1.8 trillion it was found that design conflicts are eclipsing scope change as the main disruptors of major projects. The report also found that the cumulative value of sums in dispute exceeded US$48.6 billion with claimed values

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Last updated : 03 Nov 2020 clock 11:36 AM

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