Road and bridge benchmarking
It is hard for national and local governments or even private operators to accurately estimate the cost of building roads and... bridges. As a result, they end up accepting very different tenders for essentially similar projects—which all too often run above the agreed price and schedule. McKinsey’s road-and-bridge-benchmarking tool, which analyzes 17,000 construction projects, helps asset owners understand what projects should cost and at which point in the development process costs and schedules typically go adrift. As such, it is a powerful negotiating and risk-management tool that can help asset owners capture significant value.