CoP Construction Contracting - Antifragility: stronger systems. predictable results and great value

Construction contracting has unique business dynamics not found in any other industry. Firms control 70 to 85 per cent of a project’s cost and deliver most of the safety, quality and schedule results the client experiences, yet no widely adopted operating system joins firm-level strategy to firm-level operations. Generic strategy and project tools leave the organisation that absorbs the variance without its own model. Australian contracting is high-variance work. Top-quartile firms apply five leverage points in fixed order: operating principles, credible data, validated algorithms, standardised methods that produce the largest gains, and an antifragile culture that grows stronger under disorder. Chaos theory explains why early conditions dominate and why a portfolio can become unmanageable without dramatic error. These slides and discussions are a starting point for that operating system. This recording is for the people who run contracting firms, and for the clients, educators, government officials and emerging professionals who must understand them.