If you read some of the international studies on how much rework is costing the construction industry, these reports suggest that the measured direct costs of avoidable errors are approximately 5% of the project value. Working that figure into the wider market, this percentage adds up to approximately GBP 5 billion (USD 6.1 billion) per annum across the United Kingdom. If you then account for the number of profit warnings being issued, this value is a higher than the average profit levels of most of the contractors working in the tier-one market.

This Bentley White Paper explores how construction projects are becoming more complex and why a connected data environment is the solution.