Wednesday May 16, 2018
08.30 Chair’s Opening Remarks
Plenary: Cost Forecasting Update
08.40 Revealing How to Stay on Top of Cost Escalation & Forecast Critical Labor & Material Trends
- Ed Zarenski Construction Economics, Analyst
- Quantifying the scale of the labor shortage challenge: how are we doing to get all the work done, and at what cost?
- Mapping out the demand for building construction across the United States and expectations for the future
- Identifying risks in the material market and how other trends in construction methods and material choices may impact cost
09.20 Morning Refreshments
10.20 Chair’s Remarks: Precognitive Construction & Mastering Future Builds through Clairvoyant Cost Control
Ray Diwakar, Head of Data Innovation, Gordian
10.30 Hearing How Technology Is Helping to Manage Cost Data & Streamline the Process of Keeping Forecasts up to Date
- Outlining what tools contractors are using to manage their cost data beyond excel spreadsheets
- Reviewing the pros and cons of each tool, factoring in their functionality, ease of use and ease of integration with your workflow
- Identifying improvements that could be made to future technologies: what should vendors focus on?
Chris Reeder, Preconstruction Technology Manager, Brasfield & Gorrie
11.10 Audience Discussion: Outlining Cutting Edge Methods to Keep Track of Regional Cost Trends & Improve Accuracy of Forecasts
- Exploring how a large contractor keeps track of so many trends across so many regions: what is the process?
- Determining how the constant job of keeping data fresh is managed: do you have a dedicated workforce on the problem? Do you rely on 3rd parties for help?
- Measuring the value of local and regional cost data: how important is to have insight into city by city costs compared to national trends?
10.20 Chair’s Remarks
Katie Willis, Senior Director, Preconstruction & Estimating, The Howard Hughes Corporation
10.30 Working Groups: Optimizing the Estimating Process for Popular Contract Types
Small working groups will be created, one each for popular contract methods such as design-build, CM at Risk and IPD. Each group will discuss the pros and cons of their method and the optimal estimating process/
11.20 Outlining the Estimating Process on an Integrated Project Delivery Contract: How Collaboration Can Deliver a Measurable Impact on Cost
- Explaining the fundamental principles of an IPD contracts and the impact on the roles and responsibilities of each project stakeholder
- Assessing the measurable benefit of early collaboration on the estimating process: the value of bringing trades on board early
- Determining ways to knock through hesitations and barriers and get your project team to do an IPD in the near future
George Watts, Leadership in Program Management, Hoar Program Management
10.20 Chair’s Remarks
Karen Herrera, SVP – Director of Qualifications, Pantera
10.30 Hearing How a General Contractor Reviews Incoming Bids from Subcontractors: What Are They Looking For?
- Outlining the process by which bids are collated and analyzed: what data is asked for and what platforms are used to manage this?
- Understanding how the workflow has changed with the adoption of new technology and pressure to consolidate schedules
- Reviewing the criteria used to benchmark bids and make a final decision on which trades to partner with
Navneet Agrawal, Chief Estimator, Hathaway Dinwiddie
11.10 Audience Discussion: Integrating the Efforts of GCs & Subcontractors to Streamline the Preconstruction Process
Following the electrical and mechanical tracks yesterday, this discussion will explore what the optimal preconstruction process should look like. When should each trade be brought into the design discussion? How should the team communicate with each other regarding design documents and design changes? How can we work together to manage the consolidated schedules and pressure to turnaround estimate quicker and quicker?
12.00 Networking Lunch
13.00 Chair’s Remarks
13.10 Assessing the Target Value Design Process & the Benefits over Traditional Estimating Methods
- Outlining the concept of target value design and what the process would look like from an estimator perspective
- Hearing how a contractor has been able to apply the process successfully to a project to keep costs under control
- Laying out the challenges and hesitations with adopting the method and how to break through these obstacles
Jacob Keith, Director of Preconstruction, Layton Construction
13.50 Panel: Benchmarking Experiences with Target Value Design
- Reviewing the impact of target value design on the wider project team: what do designers and other preconstruction staff have to do differently?
- Explaining how the workflow and relationship between design and estimating changes and how this can be managed
- Understanding the staff training requirements to quickly set up teams to do target value design with minimum disruption or confusion
Gary Giglio, Director of Design & Construction, University of Utah
Gary Brett, VP, Construction Cost, Healthcare, Cumming Corporation
Paul Martin, Preconstruction Executive, XL Construction
13.00 Chair’s Remarks
13.10 Efficiently Tracking Costs through Preconstruction & Procurement
- Benchmarking best practices in budget tracking: what are industry leaders doing? what are the strengths and weaknesses of the default method?
- Exploring what role technology could play in making the tracking process more efficient and accurate
- Identifying key trends in the industry and determining next steps to continuously improve procurement tracking
Todd Fisk, Senior Estimator, Alberici Constructors
13.50 Audience Discussion: Procurement Tracking
Following the presentation, this discussion will enable attendees to benchmark their own processes. What is working well? What would you like to see improved? Each table will discuss among themselves, giving everyone an opportunity to share ideas, before the best insights are summarized for the benefit of the whole audience.
13.00 Chair’s Remarks
13.10 Reviewing the Cost Benefits of Prefabrication & the Implications on Preconstruction
- Outlining best practices through a prefabrication case study and providing an overview of the preconstruction workflow
- Identifying the measurable cost benefits of prefab: how do you determine the actual cost savings compared to traditional building techniques?
- Hearing how trades can leverage prefab commercially: should we use the cost savings to bid more competitively, or enjoy the extra profit?
Bernie Sublette, Project Executive, Hunt Construction Group (AECOM)
13.50 Panel: Hearing How Specialist Subcontractors Are Adapting Their Processes to React to The Staff Shortage
- Understanding the impact of the labor shortage on trades compared with the rest of the construction industry
- Outlining the current trend in cost escalation for field staff: will it peak soon? How high will costs go?
- Hearing what subcontractors can do to adapt workflows and processes to become more efficient and alleviate the staff shortage
Brian Herman, Director of Preconstruction & Estimating, Benson Industries
14.30 Afternoon Refreshments
Plenary: Implementation of Lessons Learned
15.00 Learning How Continuous Improvement Principles Have Been Utilized to Implement Change in the Office
- Brandon Davis Director of Estimating, McGough
- Exploring how the lessons learned from this conference 12 months ago have been applied in the real world
- Hearing the role of technology in driving continuous improvement and outlining experiences of managing technology-driven change
- Identifying the metrics that you need to track when implementing change: how do you know if you’re continuously improving, or just changing with no real benefit?
15.40 Closing Discussion: Determining Actions That Should Be Taken in the Office Following the Conference
This is an opportunity to reflect on the lessons learned through the conference: are there any eureka moments that will change your strategy back in the office? Or are there any minor points that will make a difference to your next project? How can we ensure that the actions from the conference are executed, and not long in the day to day rush to get the next job done?