Project Cost Savings Potential from Emerging Construction … · 2016. 9. 14. · Project Cost...

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Project Cost Savings Potential from Emerging Construction Technologies – Panel Discussion © 2016 Willis Towers Watson. All rights reserved. 22 nd Annual Willis Towers Watson Construction Risk Management Conference September 14, 2016 Corey Haygood, Bechtel Chad Hollingsworth, Triax Technologies Antti Korhonen, Redpoint Positioning Corp. Mark Dowsett, Caterpillar Safety Services Mike Fredebeil, Willis Towers Watson, Moderator

Transcript of Project Cost Savings Potential from Emerging Construction … · 2016. 9. 14. · Project Cost...

Page 1: Project Cost Savings Potential from Emerging Construction … · 2016. 9. 14. · Project Cost Savings Potential from Emerging Construction Technologies – Panel Discussion © 2016

Project Cost Savings Potential from Emerging Construction Technologies – Panel Discussion

© 2016 Willis Towers Watson. All rights reserved.

22nd Annual Willis Towers Watson Construction Risk Management Conference

September 14, 2016

Corey Haygood, Bechtel Chad Hollingsworth, Triax Technologies Antti Korhonen, Redpoint Positioning Corp. Mark Dowsett, Caterpillar Safety Services Mike Fredebeil, Willis Towers Watson, Moderator

Page 2: Project Cost Savings Potential from Emerging Construction … · 2016. 9. 14. · Project Cost Savings Potential from Emerging Construction Technologies – Panel Discussion © 2016

Innovation at Bechtel: The Future Fund

© 2016 Willis Towers Watson. All rights reserved.

22nd Annual Willis Towers Watson Construction Risk Management Conference

September 14, 2016

Bechtel

Corey Haygood, Venture Manger

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Who we are and what we do

Bechtel Overview

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Bechtel Overview

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Who We are

© 2016 Willis Towers Watson. All rights reserved. Proprietary and Confidential. For Willis Towers Watson and Willis Towers Watson client use only.

Bechtel is one of the most respected global engineering, project management, and construction companies, and a pioneer of innovation in the industry. We partner with our customers to deliver landmark that foster long-term progress and economic growth.

Curtis Island Projects, Queensland

#1 contractor 18 consecutive years

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Bechtel Overview

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Engineering Experience

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Confidence in Delivery ... One-third of global LNG capacity ▪ 150+ nuclear projects in the world. ▪ 300+ subway

and rail projects ▪ 6,214 miles/10,000 kilometers of railroads ▪ ~56,000 miles/90,000

kilometers of pipeline systems ▪ 220,000+ megawatts ▪ 17,200+ miles/27,700 kilometers

of highways ▪ 275+ refinery expansions and modernizations ▪ 380 major chemical and

petrochemical projects ▪ 250 miles/400 kilometers of tunnels ▪ 50 hydroelectric power

plants ▪ 40+ major copper projects ▪

80+ ports and harbors ▪ 100+ transmission substations ...

Jubail Industrial City, Saudi Arabia

Page 6: Project Cost Savings Potential from Emerging Construction … · 2016. 9. 14. · Project Cost Savings Potential from Emerging Construction Technologies – Panel Discussion © 2016

Bechtel Overview

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Projects Around the World

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Since 1898, Bechtel has delivered more than 25,000 projects in 160 countries on all 7 continents

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Trends and focus areas Innovation at Bechtel

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Innovation at Bechtel

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Industry Trends

© 2016 Willis Towers Watson. All rights reserved. Proprietary and Confidential. For Willis Towers Watson and Willis Towers Watson client use only.

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Innovation at Bechtel

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Technology/Outside Trends

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Source: Computing Magazine 2016

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Innovation at Bechtel

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The Future Fund

A multi-million fund managed by our Chief Innovation Officer to enhance Bechtel’s culture of innovation by stimulating the creation, acceptance and adoption of ideas which lower our selling price and/or create competitive differentiators, while adding value to our customers §  Multi-year horizon §  Ideas crowdsourced by Bechtel employees

§  Over 200 ideas submitted in first 6 months §  Millions of dollars committed

§  Engaging with external parties – academia, start-ups, and innovation groups – but focus is internal §  ~65% internal development §  ~35% external co-development

§  Focus on real project-level pilots and experimentation §  Fail-Fast / Fail-Safe §  Take risk off project while still learning in the field

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Wireless Technologies

Innovation at Bechtel

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Site Infrastructure

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Information at Work Front

Virtual Design &

Construction (BIM/5D)

Location Services

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Innovation at Bechtel

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Data Collection and Analysis

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Wearable Sensors

Unmanned Aerial

Vehicles

Material & Equipment Tracking

Predictive __

Smart __

Handheld Devices

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Innovation at Bechtel

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Modifying Work Activities

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Automated Equipment

Augmented & Virtual Reality Robotics

Exo-Skeletons

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Thank You! Panel Discussion Questions?

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