Want a revolution in project planning? Click here


A consortium including Vinci, Skanska and the BRE is building a tool called PLASMA that aims to reduce costs and time on site by 25%

What if someone told you that you could save 25% in time and cost on construction projects? And significantly improve long-term project planning? And optimise supply chain performance not just for your projects, but across the entire industry? And that you could do this without making any significant changes in your day-to-day operations?

A consortium, led by Vinci Construction UK, is midway through a two-year project funded by Innovate UK (see overleaf) to develop a tool that aims to do that.

The tool, called PLASMA, is based on blockchain – the technology behind cryptocurrencies such as bitcoin – and is being designed to make project planning more efficient, predict future problems on site and automate payments via “smart contracts”.

Could this really be the answer to construction’s long history of delays and cost overruns? Here Scott Bennison (SB), Vinci’s digital operations manager and the person leading the PLASMA project, provides some answers.

Read more…

This is PREMIUM content available to Subscribers only

You are not currently logged in.

LOGIN as a subscriber or SUBSCRIBE to access this story

LOGIN or SUBSCRIBE for access to this and all premium content.

Take out a print and online or online-only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

Get access to premium content subscribe today