The Hidden Power Dynamic in Billion-Dollar Construction with Lance Coburn

https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/72/95/c3/7295c3ad-e7f9-8569-a459-71507bbd6149/mza_10102692892905890455.jpg/600x600bb.jpg

The Billion Dollar Builder

Mark Bodner

4 episodes

1 day ago

🏗️ Ever wonder how a 6ft pole nearly sank Disney's EPCOT? Or how a $6.7B Vegas project avoided disaster? Join Mark Bodner, a 50-year veteran in mega construction, as he reveals the billion-dollar secrets that could save your next project. From iconic builds to costly mistakes, each episode uncovers the hidden truths behind the world's largest construction projects. Learn how to navigate claims, avoid litigation, and save millions in unnecessary costs. Whether you're a project manager, contractor, or construction professional, these insights are your blueprint to success.

Entrepreneurship

Business

RSS

All content for The Billion Dollar Builder is the property of Mark Bodner and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business

https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/42388553/42388553-1730908467448-f2b5256e206fe.jpg

The Hidden Power Dynamic in Billion-Dollar Construction with Lance Coburn

The Billion Dollar Builder

44 minutes 24 seconds

11 months ago

The Hidden Power Dynamic in Billion-Dollar Construction with Lance Coburn

What happens when a multi-billion dollar construction project's contract ends up in the bottom drawer? The consequences might surprise you.

In this enlightening episode of The Billion Dollar Builder, host Mark Bodner and construction attorney Lance Coburn dive deep into the complexities of mega-construction projects and the critical role of contractual frameworks. They explore how standard of care, technology adoption, and effective project management can make or break billion-dollar ventures. Through real-world examples from iconic projects like City Center and the Atlanta Olympics, they reveal insider perspectives on why construction disputes arise and how to prevent them through proper contract structuring and implementation.

TAKE your business to the next level, answer these 7 questions and we’ll send you a personalised report: https://mark-3k8bffrx.scoreapp.com/

[00:00:00 - 00:15:00] The Foundation: Understanding Standard of Care

Contract requirements must be specific and detailed, not vague
Information asymmetry poses significant risks for owners
Importance of documentation requirements in change orders

[00:15:00 - 00:25:00] Technology's Double-Edged Sword

BIM modeling advances haven't eliminated coordination issues
Resistance to technology adoption remains industry-wide
Real-time project monitoring capabilities are often underutilized

[00:25:00 - 00:34:00] The Human Element in Mega Projects

Project manager egos can derail effective processes
Relationship building is crucial for project success
Balance between control and collaboration is essential

[00:34:00 - 00:42:00] The Shareholder Factor

Public company obligations impact project announcements
Accurate cost estimating becomes crucial for public trust
Planning phase importance often underestimated

[00:42:00 - 00:49:00] Legal Implications and Best Practices

Course of dealings can modify contract terms
Consistent enforcement of contract terms is crucial
Project Management Information Systems create single source of truth

Notable Quotes:

"He who holds the gold makes the rules." - Lance Coburn

"Every project has a story. Make sure you know how to tell it." - Mark Bodner

For more information, please visit: https://cmx.llc/

Connect with us on Social Media:

Facebook: https://www.facebook.com/profile.php?id=61567905852996

Twitter: https://x.com/CMXLLC

TikTok: https://www.tiktok.com/@cmx.llc

Instagram: https://www.tiktok.com/@cmx.llc

YouTube: https://www.youtube.com/@TheBillionDollarBuilder

LinkedIn: https://www.linkedin.com/company/cmx-llc/