The Commercial Real Estate Revolution: Nine Transforming Keys to Lowering Costs, Cutting Waste, and Driving Change in a Broken Industry - Hardcover

Miller, Dr Rex; Strombom, Dean; Iammarino, Mark; Black, Bill

Hardcover

ISBN 10: 0470457465 ISBN 13: 9780470457467

Publisher: Wiley, 2009

Synopsis

As it currently operates, the commercial real estate construction industry is a disaster full of built-in waste. Seventy-percent of all projects end over budget and late. The buildingSMART Alliance estimates that up to fifty-percent of the process is consumed in waste. Almost every project includes massive hidden taxes in the form of delays, cost overruns, poor quality, and work that has to be redone. Building new structures is a fragmented, adversarial process that commonly results in dissatisfied customers and frequently ends in disappointment, bitterness, and even litigation.

The industry must change―for its own good and that of its customers. But while the industry has tried to reform itself, it can’t do it alone. Real change can only come from business owners and executives who refuse to continue paying for a dysfunctional system and demand a new way of doing business.

The Commercial Real Estate Revolution is a bold manifesto for change from the Mindshift consortium―a group of top commercial real estate industry leaders who are fed up with a system that simply doesn’t work. The book explains how business leaders can implement nine principles for any project that will dramatically cut costs, end delays, create better buildings, and force the industry into real reform.

The Commercial Real Estate Revolution offers a radically new way of doing business―a beginning-to-end, trust-based methodology that transforms the building process from top to bottom. Based on unifying principles and a common framework that meets the needs of all stakeholders, this new system can reform and remake commercial construction into an industry we’re proud to be a part of.

If you’re one of the millions of hardcore cynics who work in commercial construction, you probably think this sounds like pie in the sky. But this is no magic bullet; it’s a call for real reform. If you’re an industry professional who’s sick of letting down clients or an owner who’s sick of cost overruns and endless delays, The Commercial Real Estate Revolution offers a blueprint for fixing a broken industry.

About this title

From the Back Cover:

Praise for The Commercial Real Estate Revolution

"The authors' case is a powerhouse, busting through old myths and paradigms to face the flat new world of true collaboration and trust. This book makes industry transformation for commercial real estate and construction more than possible―it provides a road map to lowering costs, removing waste, and producing the kind of sustainable buildings that will leave a positive legacy to the next generation."
―Stephen M. R. Covey, author of the New York Times bestseller The Speed of Trust

"To anyone who looks closely at the design and construction industry, it is clear that project delivery is not delivering. Projects continue to take too long, cost too much, injure and kill too many workers, and routinely fail to meet the owner's expectations. In The Commercial Real Estate Revolution, the current problems are explored and a coherent set of suggested improvements are advanced. Individuals who are interested in thriving during this period of rapid change and emerging as industry leaders tomorrow would be well served to embrace the ideas that are described in The Commercial Real Estate Revolution."
―Will Lichtig, Attorney, McDonough Holland & Allen PC, ENR "Newsmaker" for 2007

"The Commercial Real Estate Revolution captures the essence of the important mind shift that is required for the AEC industry to transform itself from a linear, paper-intensive, silo-based workflow to a synchronous digital collaboration. This evolution is ten percent technical and ninety percent sociological, and this important book illuminates a path forward."
―Steve Jones, Senior Director of Business Development, McGraw-Hill Construction

"At a time when our construction community is being presented with formulas like BIM+IPD+LEED=HPB (High-Performing Buildings), we seem to be in a confusing soup of acronyms rather than a recipe for success. Mindshift not only successfully explains the acronyms and formulas but gives us a blueprint for HPBs."
―Arol Wolford, founder of Construction Market Data

"I truly appreciate Mindshift taking on the daunting task of fully explaining and supporting our goal to transform the construction industry. The authors do a great job of raising awareness and will certainly 'shift minds' to the new culture in this industry. This is BIG BIM in all its glory. I can only hope that you will join our cause after reading this book to help make the changes occur sooner than later."
―Dana K. "Deke" Smith, FAIA, Executive Director, buildingSMART alliance

From the Inside Flap:

As it currently operates, the commercial real estate construction industry is a disaster that shortchanges and fleeces customers at every turn. Almost every project includes massive hidden taxes in the form of delays, cost overruns, poor quality, and work that has to be redone. Building new structures is a fragmented, adversarial process that commonly results in dissatisfied customers and frequently ends in disappointment, bitterness, and even litigation.

The industry must change--for its own good and that of its customers. But while the industry has tried to reform itself, it can't do it alone. Real change can only come from business owners and executives who refuse to continue paying for a dysfunctional system and demand a new way of doing business.

The Commercial Real Estate Revolution is a bold manifesto for change from the Mindshift consortium--a group of top commercial real estate industry leaders who are fed up with a system that simply doesn't work. The book explains how business leaders can implement nine principles for any project that will dramatically cut costs, end delays, create better buildings, and force the industry into real reform.

The Commercial Real Estate Revolution offers a radically new way of doing business--a beginning-to-end, trust-based methodology that transforms the building process from top to bottom. Based on unifying principles and a common framework that meets the needs of all stakeholders, this new system can reform and remake commercial construction into an industry we¿re proud to be a part of.

If you're one of the millions of hard-core cynics who work in commercial construction, you probably think this sounds like pie in the sky. But this is no magic bullet; it's a call for real reform. If you're an industry professional who's sick of letting down clients or an owner who's sick of cost overruns and endless delays, The Commercial Real Estate Revolution offers a blueprint for fixing a broken industry.

About this edition

• Publisher: Wiley
• Publication date: 2009
• ISBN 10: 0470457465
• ISBN 13: 9780470457467
• Binding: Hardcover
• Edition number: 1
• Number of pages: 328