Timing vital for success of construction project
Stockholm is continually developing and expanding. One major project in recent years was the construction of Stockholm Waterfront facilities, consisting of a congress centre, hotel and office building which were erected in the city centre. The congress centre, designed for all types of events - with conference rooms, restaurants and banqueting facilities - accommodates up to 3,000 guests. The 13-floor hotel houses more than 400 rooms and the 15-floor office complex extends across some 20,000 square metres.
Time savings of absolute essence for profitability
Johan Furugren, responsible for the project’s budget and IT, claimed: “You quickly realise the impact of time savings on overall project profitability. Based on actual working hours, a major construction project can cost developers SEK 3,000 to 4,000 every minute! But a lot of time can be saved if you can efficiently coordinate all communication between the project team and external parties; architects, designers, specialists, utility companies and authorities. The faster the construction process flow, the sooner the properties can generate income.”