Global Construction Loses Billions in ‘Mega-Disrupter’ Disputes
October 17, 2024
Five ‘mega-disrupters’ that cause claims and disputes are costing the global construction industry billions on capital projects, according to a new report. The Seventh Annual CRUX Insight Report, Changing the Narrative, reveals the scale of disruption and financial damage done to engineering and construction projects globally. The report looked at 2,002 projects across 107 countries with a total value of approximately US$2.2 trillion and found that disputed costs averaged US$83.1 million – just under a third (33.2%) of capital expenditure.
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