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The Benefits of an Open Book Approach

Streamlining the project management process to simplify and de-risk the process for all involved is the ideal outcome for any developer in the construction space. To optimise the construction timeline and to ensure the process is transparent and using good-faith practices, industry professionals are turning to a progressive approach of open book, at cost and no added margins project management. This system offers several benefits to streamline the project, providing investors with greater control, cost transparency, and improved outcomes. While closed book project management does not allow for influence from others, open book invites interaction and encourages feedback to improve on operations.

To read more, check out our column published in the August 2023 edition of New Zealand Property Investor magazine