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Rex Miller & Dean Strombom 
The Commercial Real Estate Revolution 
Nine Transforming Keys to Lowering Costs, Cutting Waste, and Driving Change in a Broken Industry

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Cover of Rex Miller & Dean Strombom: The Commercial Real Estate Revolution (PDF)

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As it currently operates, the commercial real estate constructionindustry is a disaster full of built-in waste. Seventy-percent ofall projects end over budget and late. The building SMART Allianceestimates that up to fifty-percent of the process is consumed inwaste. Almost every project includes massive hidden taxes in theform of delays, cost overruns, poor quality, and work that has tobe redone. Building new structures is a fragmented, adversarialprocess that commonly results in dissatisfied customers andfrequently ends in disappointment, bitterness, and even litigation.

The industry must change–for its own good and that of itscustomers. But while the industry has tried to reform itself, itcan’t do it alone. Real change can only come from businessowners and executives who refuse to continue paying for adysfunctional system and demand a new way of doing business.

The Commercial Real Estate Revolution is a bold manifestofor change from the Mindshift consortium–a group of topcommercial real estate industry leaders who are fed up with asystem that simply doesn’t work. The book explains howbusiness leaders can implement nine principles for any project thatwill dramatically cut costs, end delays, create better buildings, and force the industry into real reform.

The Commercial Real Estate Revolution offers a radicallynew way of doing business–a beginning-to-end, trust-basedmethodology that transforms the building process from top tobottom. Based on unifying principles and a common framework thatmeets the needs of all stakeholders, this new system canreform and remake commercial construction into an industrywe’re proud to be a part of.

If you’re one of the millions of hardcore cynics who workin commercial construction, you probably think this sounds like piein the sky. But this is no magic bullet; it’s a call for realreform. If you’re an industry professional who’s sickof letting down clients or an owner who’s sick of costoverruns and endless delays, The Commercial Real Estate Revolution offers a blueprint for fixing a broken industry.
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Table of Content



Introduction: The Money Pit.

Part One: The Commercial Real Estate Money Pit.

1 The $500 Billion Black Hole.

2 What Every Executive Needs to Know About Low-Bid Contracting.

3 From Fragmentation to Integration.

Part Two: Making the Mindshift.

4 Working the Mindshift.

5 What Does a Trust-Based Project Look Like?

Part Three: Nine Transforming Keys to Lowering Cost, Cutting Waste, and Driving Change in a Broken Industry.

6 Key 1: Trust-Based Team Formation.

7 Key 2: Early Collaboration.

8 Key 3: Built-In Sustainability.

9 Key 4: Transformational Leadership.

10 Key 5: ‘Big’ BIM.

11 Key 6: Integrating Project Delivery.

12 Key 7: Trust-Based Agreements and Client-Centered Incentives.

13 Key 8: Offsite Construction.

14 Key 9: Workplace Productivity.

Appendix 1: Mindshift Core Team.

Appendix 2: Mindshift Advisors.

Appendix 3: Recommended Reading.

Appendix 4: Website Resources and Links.

Appendix 5: Mapping the Future.




About the author

Rex Milleris a consultant and veteran sales and managementexecutive in commercial interiors and project delivery. He helpedcreate the Mindshift consortium, made up of top executives fromAmerica’s largest construction and architecture firms, whichcreates new paradigms and practices for the commercial real estateindustry.

Dean Strombomis a Principal at Gensler, the world’slargest architectural firm.

Mark Iammarinois Vice President and Director of Educationfor Turner Construction’s Chicago office. Turner is thelargest construction company in the United States.

Bill Black is National Director of Strategic BusinessSolutions at Haworth, a leading manufacturer of commercial officeinteriors.
Language English ● Format PDF ● Pages 352 ● ISBN 9780470523681 ● File size 3.2 MB ● Publisher John Wiley & Sons ● Published 2009 ● Downloadable 24 months ● Currency EUR ● ID 2319179 ● Copy protection Adobe DRM
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