As a result of my experience, I have on two occasions since graduating been asked to help out at crits as part of the panel.
One of the Construction Innovation Hub’s core themes is Value: ‘driving better social, environmental and economic outcomes through value-based decision making’.. Meeting the technical requirements would be the entry criteria for a vendor, evidenced through aspects such as CQP (.Construction Quality Planning.
Buyers can be assured that the products meet the specifications and will be reliable and consistent.The choice of vendor will then be dependent on what a client values more, which could be: cost; location (to limit travel miles); overall carbon footprint; or the number of apprentices they take on, for instance..The ‘Defining the Need’ report is a fantastic first manifestation of the ‘harmonise, digitise and rationalise’ policy.
But the use of cross-sector data hints at even more powerful opportunities in the future, such as:.Longer term pipelines..
The Construction Playbook includes policies for publishing commercial pipelines and developing long-term plans for key asset types.
The data set developed by the Hub could be expanded (‘upwards’ from spaces into assets and complexes and ‘downwards’ into sub-assemblies and products) to create a holistic data set that would allow suppliers to carry out their own analysis and forecasting.. Where better to publish this data than on a digital marketplace?.At Bryden Wood we’re starting to see a real surge of interest from lower tiers of the supply chain, which supports the idea that one major benefit of all of this will be that we'll unlock SMEs in a way that probably hasn't been done before.
In other words, the disintermediation will start to bear significant fruit.While the Tier One role is likely to see the biggest change and will probably face the biggest challenge ahead in terms of evolving their mindsets and positions for the future models, the SMEs might be doing more of what they do, but better and more consistently.
SMEs make up a massive portion of the industry, with significant diversity, and we’ll probably also start seeing disruptors in this space as well..The Construction Innovation Hub is currently working with a wide range of partners including individual consultants and small companies.
(Editor: Collapsible Tripod Heads)