The Wisdom of Brendan Bechtel

From an ENR editorial last week:

"Speaking at the Construction Industry Institute conference in National Harbor, Md., earlier this month, Bechtel claimed that, for megaprojects, 98% experience cost overruns or delays, the average cost increase is 80%, and the average schedule slippage is 20 months.

“Our house is on fire,” Bechtel told the audience. “If we don’t address [the various problems], we may cease to exist as an industry and … customers will cease to have confidence that we can deliver.”"