Building Certainty into Major Construction Projects
What is the value of certainty – and the cost of uncertainty – to construction?
Uncertainty poses a challenge to construction schemes worldwide, driving up costs and causing delays and even cancellations. Volatile material prices, labour shortages, economic shocks, shifting regulations and rising sustainability demands are eating into investments and returns. Construction projects across all sectors - from infrastructure to data centres, and pharmaceuticals to hospitality - are affected. Yet construction remains vital to global growth and productivity.
Leaders involved in planning for construction projects are now exploring how technology can support cost control, deadlines and forecasting. What role do data, people and corporate mindset play in building resilience? How does systemic uncertainty translate into cost in project planning and procurement? What strategies help reduce risk, uncertainty and associated costs in construction projects?
The Financial Times, in partnership with Currie & Brown, brought together policymakers and senior business leaders involved in construction planning to discuss the industry’s vital role in the global economy. The event explored how construction projects affect businesses, economies and society. Attendees joined us in person in London or online and discovered practical solutions for managing uncertainty in construction and its wide-reaching impacts.
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Key Discussion Points
The Cost of Uncertainty to Construction Projects
Can a shared framework for risk improve predictability across the industry?
Investing in Construction
What will it take for investors to stay confident amid geopolitical shocks and financial turbulence?
Developing Strategies for Certainty
Can we scale adaptable, resilient strategies fast enough to match global demand?
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