I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
If you think that this is impossible today, you’re...
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You’ve probably heard about a space ship hitting badly Venus or Mars, I don’t remember, because of miscalculations, right? Well, that’s everywhere. When you do your taxes, when you calculate your retirement or when you receive an inheritance. All are miscalculation errors. In construction, there are everywhere. In 1970, during the construction of the Kadena Air Base Bridge in Okinawa, Japan, engineers made a slight miscalculation. As usual… Two teams started building from opposite sides of the river, expecting to meet perfectly in the middle. But when they finally got close... one side was 2 meters higher than the other! I mean… not 1 cm, not 2 cm, not 10 cm… just 2 meters. The error? One team had used metric measurements, while the other worked in imperial units. If you think that this is impossible today, you’re absolutely wrong. If you don’t believe me, check this list of lessons learnt from my last project. ​
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
Yesterday I told you about a KPI regime that seemed a horror story. Today, I bring you another that kills. Kills contract, I mean. I often tell people that vertical PPPs are not my cup of tea. Hospitals… I run away. Too complicated. Too political. Too high stakes. Take the wave of hospital PPPs in the UK during the 2000s. On paper, they looked brilliant: new facilities, modern equipment, long-term maintenance secured. But still… the KPI regime was written by bureaucrats with too much coffee...
Some PPPs die before they start.Others collapse under the weight of construction. And then there are those that rot from within — strangled by their own KPI regime. Take the Peterborough Prison PPP in the UK.On paper, it was innovative: the first privately financed prison with a focus on rehabilitation. The government loved the concept. The innocent believers in human nature wet dreamt about it. The financiers lined up.The operator thought they could make it work… if not, they would still...
Humiliation can come in many ways. But probably, one of the most humiliating failures a government can suffer in a PPP is the silence. This happened in a mid-sized developed country of the Commonwealth just a few years ago. The government wanted a flagship social infrastructure project: a cluster of new courthouses and justice facilities, spread across regional cities. They framed it as transformational. A “once in a generation” opportunity. Ministers on stage, cameras rolling, the usual...