Newton, MA (PRWEB) July 14, 2010
Since the 1960s, the productivity growth rate for the construction and building industry has averaged –0.59 percent, while all other industries combined have an average productivity growth rate of 1.77 percent. General construction industry estimates claim that between 10 and 30 percent of all building project costs can be attributed to wasted activities, such as schedule overruns, wasted labor and management time, wasted materials, and unnecessary litigation. Based on U.S. Department of Commerce building estimates for 2009, a 10 percent waste factor is equal to approximately $94 billion. Without indicating the specific cause, this information reveals that significant opportunities for waste reduction and productivity improvement exist in the construction industry, if the problem can be effectively defined and viable solutions identified.
Lyra Research (http://www.lyra.com), the digital imaging authority, has published a white paper, Color Construction Documents: A Simple Way to Reduce Costs, which discusses the forces that have created unnecessary costs and waste in the construction industry. Sponsored by Océ North America, this white paper examines how advanced technologies, in particular color computer-aided design (CAD) printing, deliver significant cost-reduction opportunities and greater productivity and profit for traditional design-bid-build projects. The paper also details the specific benefits of applying color construction documents to design-bid-build projects for project owners, general contractors, and architecture, engineering, and construction (AEC) firms, including how each incremental dollar invested in color printing can yield $4 in savings for a construction project.
Furthermore, the paper offers a simple model for quantifying the operating (RFI and change-order management) and project cost waste factors (estimation cost contingencies and net value of change orders) caused by poor documentation. It also delivers a four-step flexible ROI model, with a sample project, to measure the anticipated cost savings and overall return that can be gained by leveraging the use of color construction documents. The four-step ROI model involves estimating the waste in project costs; estimating the reduction in waste for operating expenses for general contractors; estimating the reduction in waste costs for project owners; and inputting color CAD printing costs.
“This white paper showcases Lyra’s research, knowledge, and analysis of the printing industry,” commented Frank Stefansson, CEO and executive vice president of Lyra Research. “Our consultants were able to synthesize information to create a model focused on improving the specific business processes used in the AEC and technical CAD markets, ultimately saving companies time and money by improving ROI and increasing productivity. This type of analysis can be applied to other industries and vertical markets that utilize imaging technologies.”
Download the Free White Paper
To download a free copy of Color Construction Documents: A Simple Way to Reduce Costs, please visit http://www.lyra.com/lh3m.nsf/CustomResearch. For more information, contact Joel Mazza, director of business development, at 617-454-2664 or email@example.com.
About the White Paper
This Lyra Research white paper was commissioned by Océ North America and is based on research and analysis Lyra developed between January and April 2010. All analysis and opinions featured in the paper are copyrighted material of Lyra Research, except where otherwise noted.
About Lyra’s Consulting Group
Lyra’s Consulting Group provides client-specific research and advice to a broad range of imaging industry companies that seek answers to their business questions and are ultimately looking to improve their bottom line. Lyra’s Consulting Group consists of a team of consultants that have many years of experience in both imaging and research and have a wide range of competencies, including product development and marketing, primary research, and IT and management consulting. We combine our complete range of research skills and tools with an extraordinary level of client service to address your most pressing information needs. Our senior consultants each have more than 20 years of imaging industry and market research experience and bring a combination of creativity and pragmatism to each client’s project.
Lyra Research: The Digital Imaging Authority
Lyra Research collaborates with imaging industry decision makers worldwide, enabling clients to strengthen their market position and achieve profitable growth. Lyra’s expert analysts and editors help clients devise and implement creative solutions to business challenges, providing them with competitive intelligence, strategic and tactical advice, news and analysis, and market forecasts.
Since 1991, Lyra’s custom research and consulting, advisory services, award-winning journals, and innovative events have set the standard for analysis of imaging hardware, consumables, and digital photography markets.
Visit http://www.lyra.com to learn more about how Lyra can be your strategic business partner.
# # #