Managing Capital Projects For Competitive Advantage
Source: McKinsey & Company
Investment in capital projects is rising. First-rate contracting will help companies to get a significant leg up on their rivals. A rising global appetite for energy and energy-intensive commodities heralds a massive wave of investment in large capital projects. While this boom represents a huge opportunity for asset owners, it also presents big challenges. In this environment, companies that can maximize the value they gain from contracting for the goods, equipment, and services such projects require will have a significant source of competitive advantage.