Sharing lessons learned and best practices between project teams is the way to prevent expensive construction defects and accelerate the learning curve of employees. It is the only way to build smarter and better. How much is that worth?

Past experience suggests that savings from knowledge sharing range from $1,000 to $5,000 per employee per year.

Pre-Construction Phase Benefits

• Better constructability reviews
• More complete design documents
• More accurate estimates and budgets
• Better bid documents

Construction Phase Benefits

• Fewer construction defects, less rework
• Better risk management
• Improved communication

Training and Development Benefits

• Grow institutional memory
• Transfer knowledge from experienced to young employees
• Provide on-the-job training in the field
• Make existing company resources more accessible
• Disseminate best practices between projects