If banking can use digital contracts... why not construction? #COMIT2018
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Presentation by Sarah Fox, 500 words Ltd at the 2018 Construction Mobile IT Conference 'Digital Construction: Lighting the Way' at the Hallam Conference Centre, London on 24th and 25th May 2018. More information at http://www.comit.org.uk/cconference-2018
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If banking can use digital contracts... why not construction? #COMIT2018
- 1. If banking can use digital contracts... why not construction? Sarah Fox, 500 Words Ltd
- 11. 0 10000 20000 30000 JCT DB 2016 CIOB Complex 2013 ACA PPC 2000 NEC4 Core Schedules etc Core Conditions SOURCE: Research by 500 Words Ltd
- 12. #TinyLittleContracts 0% 10% 20% 30% 40% 50% Simpler language Simpler contracts Simpler to adapt % respondents Survey © 500 Words Ltd, 2015
- 16. #TransparentLiveCollaborative 0% 10% 20% 30% 40% 50% Fairer risk allocation Earlier contractor involvement Collaborative approach % respondents Survey © 500 Words Ltd, 2015
Notas del editor
- These are some of the world's first coins, produced in Lydia, western Turkey, over 2500 years ago. The lion on this coin is seen as a symbol of royalty. The two deep impressions were created by a hammer, used to punch the image of the lion and bull into the blank coin. Lydia was renowned for its wealth and its last king, Croesus, was immortalized in the saying 'as rich as Croesus.' Why did people invent money? Cities and empires managed without coins for over 2000 years. Electrum (gold and silver mixture) was used for the first coins, but coinage gained popularity when gold and silver coins were introduced. Coinage probably developed in Lydia because it was a trading centre and possessed large gold supplies. Before coins, payments were made with metal bullion or by barter. To establish its value metal was checked for purity and weighed. The Lydians minted coins of consistent weight and purity to speed up transactions.
- (cc) Source https://pixabay.com/en/bitcoin-digital-electronics-3d-1368256/
- Challenge 1: the technology (cc) Source Unsplash
- Challenge 2: the mindset
- Transparent ie simple contracts & processes that you can read, understand & use Live ie driving contracts from your processes (not vice versa) and include wide options to change scope Collaborative ie risks and aims are shared