Poor project management blamed for construction budget blowouts
(WorldNews Business)

Fletcher Building`s admission that it has struggled with poor project management on some of its biggest projects is an indication of a much wider problem. That is according to a project management specialist who says the industry as a whole is losing money hand over fist. Fletcher Building`s chairman Sir Ralph Norris has blamed the $292 million loss in its construction division in 2017 to poor project management and governance, design changes and a lack of resources, specifically workers. Accurate construction contract pricing was almost an art, he said at the company`s annual results last week. READ MORE: * Building boom challenges put Steel & Tube under pressure * Fletcher`s former chief...