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

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

• ISBN13: 9780470457467
• ISBN10: 0470457465
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-07-15
• Publisher: Wiley

Summary

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

Author Biography

Rex Miller is a consultant and veteran sales and management executive in commercial interiors and project delivery. He helped create the Mindshift consortium, made up of top executives from America?s largest construction and architecture firms, which creates new paradigms and practices for the commercial real estate industry.

Dean Strombom is a Principal at Gensler, the world?s largest architectural firm.

Mark Iammarino is Vice President and General Manager of Special Projects for Turner, the largest construction company in the United States.

Bill Black is National Director of Strategic Business Solutions at Haworth, a leading manufacturer of commercial office interiors.

Table of Contents

Acknowledgments	p. ix
Foreword	p. xiii
Introduction: The Money Pit	p. xvii
The Commercial Real Estate Money Pit	p. 1
The $500 Billion Black Hole	p. 3
What Every Executive Needs to Know About Low-Bid Contracting	p. 22
From Fragmentation to Integration	p. 37
Making the Mindshift	p. 51
Working the Mindshift	p. 53
What Does a Trust-Based Project Look Like?	p. 67
Nine Transforming Keys to Lowering Cost, Cutting Waste, and Driving Change in a Broken Industry	p. 91
Key 1: Trust-Based Team Formation	p. 93
Key 2: Early Collaboration	p. 111
Key 3: Built-In Sustainability	p. 133
Key 4: Transformational Leadership	p. 153
Key 5: "Big" BIM	p. 170
Key 6: Integrating Project Delivery	p. 190
Key 7: Trust-Based Agreements and Client-Centered Incentives	p. 215
Key 8: Offsite Construction	p. 239
Key 9: Workplace Productivity	p. 253
Mindshift Core Team	p. 270
Mindshift Advisors	p. 273
Recommended Reading	p. 277
Website Resources and Links	p. 281
Mapping the Future	p. 292
Notes	p. 295
References	p. 308
Index	p. 316
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