Cross industry dialogue is essential for the ground investigation industry to improve the return on investment for clients and reduce project overruns on major infrastructure schemes.
“The ground investigation industry needs to work smarter, not harder,” said Fugro global director of land geophysics Rod Eddies at GE’s Transport Geotechnics conference yesterday in London.
Eddies was reviewing the value of early ground investigation on major projects and said that his research suggested that there had not been a change in the level of cost escalation on major projects in around 70 years. He said that trying to get clients to invest more was not changing the outcome and suggested that dialogue within the industry was needed in order to change the results.
“Done right, a phased ground investigation has the potential to improve the return on investment for the client and allow fair transfer of risk to the designer and contractor, as well as reduce adversarial situations,” he said.
Eddies said that the level of investment in ground investigation was still important and concluded his presentation with the quote that “knowledge may be expensive, but the cost of ignorance is huge”.