Collaborative Contracting Challenges and Benefits – McKinsey & Company

Collaborative Contracting Challenges and Benefits – McKinsey & Company

McKinsey & Company published a great article on collaborative contracting challenges and benefits in January 2020. Definitely worth a read! “The value at stake for project owners is enormous. If just half of the 15 to 20 percent improvement realized on initial collaborative contracts can be sustainably achieved, project owners could save $5 trillion to $7 trillion of the $77 trillion that McKinsey Global Institute believes will be spent on capital projects over the next ten years.”

– Source: McKinsey and Company, “Collaborative contracting: Moving from pilot to scale-up,” Jan 2020

[Full Article Here]