The Industry as a Game

For me I look at our projects and our deliveries as a game.

Every time you set a budget it becomes a challenge that you sort of set personally to target, to achieve that.

And I think that’s what makes it kind of fun.

At least for me. Again, when you look at it in that sense rather than it being just work, you are setting these kind of targets and games and I tell you there’s nothing for satisfying than setting a budget at 500 millions and getting 5 prices back and the average is 500 million.

 You cannot do your job any better than that.

 There’s nothing worse than tender bids coming back and them being 20% – 30% and in some cases 50% over budget.
In my mind that’s bonkers.
That means you have no idea what you’re doing.

Whereas coming in on budget means you now started a process with a contractor, who has submitted a price, who is comfortable.

The client is comfortable because they have money to execute, they have a design that they love that they want to execute and you go into an execution phase, kind of satisfied.

We always like to talk about it in KOSMOS of kind of open-source information, sharing knowledge.

It’s vital, even to competitors, the best thing you can do is share your knowledge with your competitor.
Because everybody can come up in the Industry and get better at what they do.

So on your project, if you are having some difficulties with some aspects of the budget or the strategy around the budget control, just drop us a message below and we will come back to you and let’s create a discussion around it.

Because the more open we are about cost control and economy control the better it is for everybody.

How we collaborate in the Danish Construction Industry

We’re not there to replace you, we’re there to support you.

One of the things I’d like to talk about is collaboration
and collaboration as I mentioned earlier is a very important part of
how we deliver projects.

But it’s not just about the projects – it’s collaboration with
other specialist companies.

For example architects and engineers who deliver very specialized architectural and engineering services.
They might not have the in-house capability and that’s where we come in to collaborate with these type of companies.

So the way we see the Industry going actually is very small specialized groups like KOSMOS and like many other companies, and those groups coming together in partnerships to deliver projects
And maybe repeating again on the next project or maybe disbanding and coming back in the future again.
That’s how we see the Industry, at least for the small to medium sized business.

And I think that’s an important aspect of what we are as KOSMOS, we’re not there to replace you.

Data Collection and Benchmarking

DATA is one of the most valuable tools a company can have.

  • It provides understanding of a specific case, by looking at previous cases.
  • It gives security on decision making, looking at how similar cases turned out.
  • It accelerates process and tasks, allowing the reuse of information rather than generating it over and over again.

Then, why are companies, specially in the construction industry, not collecting and storing all their data in a usable way?

It requires great effort, to assimilate data collection as a regular practice, to comprehend the value of that data, and to consider it not as a waste of time but the most valuable investment a company can make. Once this is decided upon and a strong standard is established to allow this process to be an automatic task, a company has a TREASURE!