Service: COST MANAGEMENT

PMV: A Cautionary Tale of Targets

Pre-manufactured value (PMV) – the relative proportion of work manufactured offsite – has the potential to shape the direction of our industry… intentionally or otherwise.

Two Types of Knowledge

In 2018 Nigel Richards, a man from New Zealand, memorised every French word in the French scrabble dictionary and won the French Scrabble Championship ….

Our name is shared with George Akerlof, a Nobel Prize-winning economist.

His seminal paper, Market for Lemons, demonstrated the devastating consequences of making decisions under the conditions of quality uncertainty and unequal information between buyers and sellers, increasing the chance of buyers ending up with a ‘lemon’.

This 50-year-old concept continues to retain parallels within the construction industry.

Through our insight and experience, we can rebalance this information asymmetry on behalf of our clients, levelling the playing field to deliver better outcomes.