Broken Buildings, Busted Budgets
How to Fix America’s Trillion-Dollar Construction Industry
9780226472690
9780226472676
9780226472706
Broken Buildings, Busted Budgets
How to Fix America’s Trillion-Dollar Construction Industry
Across the nation, construction projects large and small—from hospitals to schools to simple home improvements—are spiraling out of control. Delays and cost overruns have come to seem “normal,” even as they drain our wallets and send our blood pressure skyrocketing. In Broken Buildings, Busted Budgets, prominent construction attorney Barry B. LePatner builds a powerful case for change in America’s sole remaining “mom and pop” industry—an industry that consumes $1.23 trillion and wastes at least $120 billion each year.
With three decades of experience representing clients that include eminent architects and engineers, as well as corporations, institutions, and developers, LePatner has firsthand knowledge of the bad management, ineffective supervision, and insufficient investment in technology that plagues the risk-averse construction industry. In an engaging and direct style, he here pinpoints the issues that underlie the industry’s woes while providing practical tips for anyone in the business of building, including advice on the precise language owners should use during contract negotiations.
Armed with Broken Buildings, Busted Budgets, everyone involved in the purchase or renovation of a building or any structure—from homeowners seeking to remodel to civic developers embarking on large-scale projects—has the information they need to change this antiquated industry, one project at a time.
“LePatner describes what is wrong with the current system and suggests ways that architects can help—by retaking their rightful place as master builders.”—Fred A. Bernstein, Architect Magazine
With three decades of experience representing clients that include eminent architects and engineers, as well as corporations, institutions, and developers, LePatner has firsthand knowledge of the bad management, ineffective supervision, and insufficient investment in technology that plagues the risk-averse construction industry. In an engaging and direct style, he here pinpoints the issues that underlie the industry’s woes while providing practical tips for anyone in the business of building, including advice on the precise language owners should use during contract negotiations.
Armed with Broken Buildings, Busted Budgets, everyone involved in the purchase or renovation of a building or any structure—from homeowners seeking to remodel to civic developers embarking on large-scale projects—has the information they need to change this antiquated industry, one project at a time.
“LePatner describes what is wrong with the current system and suggests ways that architects can help—by retaking their rightful place as master builders.”—Fred A. Bernstein, Architect Magazine
“Every now and then, a major construction project is completed on time and on budget. Everyone is amazed. . . . Barry LePatner thinks this exception should become the rule. . . . A swift kick to the construction industry.”—James R. Hagerty, Wall Street Journal
240 pages | 7 line drawings | 5 1/2 x 8 1/2 | © 2007
Architecture: Architecture--Criticism
Economics and Business: Business--Business Economics and Management Studies, Business--Industry and Labor
Political Science: Public Policy
Reviews
Table of Contents
List of Figures
Acknowledgements
Introduction
ONE
Overbudget and Overdue
TWO
The Economic Context of Construction
THREE
False Starts and Frustrated Beginnings: A History of the Industry
FOUR
Asymmetric Information: The Big Barrier to Change
FIVE
Minor Blemishes: Unions, Workers, and Government
SIX
Fixing the Construction Industry: Consolidation, Intermediaries, and Innovation
SEVEN
Practical Advice to Owners for Getting Started Now
Notes
Index
Acknowledgements
Introduction
ONE
Overbudget and Overdue
TWO
The Economic Context of Construction
THREE
False Starts and Frustrated Beginnings: A History of the Industry
FOUR
Asymmetric Information: The Big Barrier to Change
FIVE
Minor Blemishes: Unions, Workers, and Government
SIX
Fixing the Construction Industry: Consolidation, Intermediaries, and Innovation
SEVEN
Practical Advice to Owners for Getting Started Now
Notes
Index
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