Why Training Is Important

Carefully drafted construction contracts are a critical component of a successful project. But these contracts achieve value only if and when they are fully understood. Otherwise they become only as good as the paper on which they are written.

The Construction Industry Institute estimates that 5 to 10% of the costs of construction are directly dependent upon commercial contract language and its proper application.

That is why more and more companies, owners and contractors alike, are investing upfront resources in making sure that their project personnel really appreciate terms and conditions and know how to use them to protect the project goals of safe, timely completion within budget. In doing so, they recognize the importance of proactive project management as highlighted in the June 11, 2005 Economist which observed that projects have five distinct phases, initiation, planning, execution, control and closure with “problems arising most frequently when initiation get separated from execution."

One of the best planning tools to avoid this scenario and achieve a successful transition from initiation to execution is creative use of Project Training Seminars.

TRICON Power Group consultants have presented these seminars for nearly 30 years and will work with your company in training project personnel to protect your bottom line. With thirty years experience dealing with all types of power plants, our consultants are uniquely qualified to comment upon the best (and worst) ways to manage construction.