Broken Buildings, Busted Budgets: How To Fix America's Trillion-dollar Construction Industry

Paperback | September 15, 2008

byBarry B. LePatner

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Across the nation, construction projects large and small—from hospitals to schools to simple home improvements—are spiraling out of control. Delays and cost overruns have come to seem “normal,” even as they drain our wallets and send our blood pressure skyrocketing. In Broken Buildings, Busted Budgets, prominent construction attorney Barry B. LePatner builds a powerful case for change in America’s sole remaining “mom and pop” industry—an industry that consumes $1.23 trillion and wastes at least $120 billion each year.

With three decades of experience representing clients that include eminent architects and engineers, as well as corporations, institutions, and developers, LePatner has firsthand knowledge of the bad management, ineffective supervision, and insufficient investment in technology that plagues the risk-averse construction industry. In an engaging and direct style, he here pinpoints the issues that underlie the industry’s woes while providing practical tips for anyone in the business of building, including advice on the precise language owners should use during contract negotiations.

Armed with Broken Buildings, Busted Budgets, everyone involved in the purchase or renovation of a building or any structure—from homeowners seeking to remodel to civic developers embarking on large-scale projects—has the information they need to change this antiquated industry, one project at a time.
 
“LePatner describes what is wrong with the current system and suggests ways that architects can help—by retaking their rightful place as master builders.”—Fred A. Bernstein, Architect Magazine
 
“Every now and then, a major construction project is completed on time and on budget. Everyone is amazed. . . . Barry LePatner thinks this exception should become the rule. . . . A swift kick to the construction industry.”—James R. Hagerty, Wall Street Journal  

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From the Publisher

Across the nation, construction projects large and small—from hospitals to schools to simple home improvements—are spiraling out of control. Delays and cost overruns have come to seem “normal,” even as they drain our wallets and send our blood pressure skyrocketing. In Broken Buildings, Busted Budgets, prominent construction attorney B...

Barry B. LePatner is recognized as one of the nation’s leading construction lawyers. He is founder of one of the first boutique law firms primarily representing corporations, institutions, and real estate developers on major construction projects and coauthor of Structural and Foundation Failures.

other books by Barry B. LePatner

Too Big to Fall: America's Failing Infrastructure and the Way Forward
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Kobo ebook|Oct 12 2010

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Format:PaperbackDimensions:240 pages, 8.5 × 5.5 × 0.8 inPublished:September 15, 2008Publisher:University Of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0226472698

ISBN - 13:9780226472690

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Extra Content

Table of Contents

List of Figures
Acknowledgements
Introduction

ONE
Overbudget and Overdue

TWO
The Economic Context of Construction

THREE
False Starts and Frustrated Beginnings: A History of the Industry

FOUR
Asymmetric Information: The Big Barrier to Change

FIVE
Minor Blemishes: Unions, Workers, and Government

SIX
Fixing the Construction Industry: Consolidation, Intermediaries, and Innovation

SEVEN
Practical Advice to Owners for Getting Started Now

Notes
Index

Editorial Reviews

0;Not since "The Business Roundtable" raised the red flag over 25 years ago on the ineffective use of construction dollars and its impact on the global economy has a treatise provided in-depth reasoning on the culprits. "Broken Buildings, Busted Budgets" provides deep insight as to why the construction industry has not corrected faults to mitigate such excessive construction cost overruns and has even begin to accept these everyday occurrences as the norm. Barry LePatner describes how the U.S. government and even our nation7;s most respected corporations fall prey to the inefficient practices of all parties involved in a major construction project2;contractors, designers, workers, unions and suppliers. From his insights it is clear that we need to instigate a critical examination on improving this critical sector of our economy.1;2;Mark A. Smith, Ernst & Young LLP -- Mark A. Smith (03/09/2007)