For millennia construction projects run late
With ROQUE.AI, projects delivered On Time are no longer Science Fiction
Construction projects experience delays for millennia; be it the pyramids, the new Berlin airport or the HS2 in England, the outcome is always the same: projects are delivered late and at increased cost.
Multiple studies conclude that delays affect virtually all (70-90%) construction projects globally, with projects typically experiencing 20-30% time overruns on average, but with delays of up to 50% or longer being common in megaprojects.
Delays are also intrinsically linked to cost overruns, with basically all (80-98%) projects exceeding their budgets by an average of 20-30%, and megaprojects often seeing cost increases of 80% or more.
With the total size of the global construction activities currently exceeding $16.5 trillion and expected to surpass $20 trillion by 2029, the above overruns result also in trillions of money-waste.
We can do better! With the launching of the ROQUE.AI initiative we envisage to act as a catalyst for the transition to a construction world with more, less expensive, and faster delivered projects.
Time is Money
With very conservative calculations, halving of the experienced delays in construction projects could result in savings in excess of 6%.
For a $100 million project with a planned delivery within 24 months, this means potential savings of:
· $4 million on capex
· $2 million on opportunity waste / delay damages
· 4 months on human resources and machinery