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The issues
Key international studies suggest that the direct cost of avoidable error is in the order of 5% of project value. Our research has revealed that the true figure is closer to 21% or £21 billion per annum.
GIRI’s research revealed that when unrecorded process waste, latent defects and indirect costs are included, the situation gets much worse. Estimates of the total cost of errors range from 10% to 25% of project cost or between £10–25 billion per annum across the sector.
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