I am sure everyone will understand that with the current global COVID-19 pandemic issues, we want to give every team the best possible chance to complete their decisions for each round, wherever they are located, and we may adjust the scheduled submission for each round as the situation changes.
|PERIOD 5: "'Compensation Nation' are the early pacesetters"|
Another large international field of over 200 teams from around the world began the challenge of managing their Global Construction Business, a journey that would ultimately lead to one of them being crowned the Enginuity 2020, and 11th Enginuity Champions.
The ENGINUITY Competition is not designed to be an easy challenge, and is intended to reflect how difficult it can be to run a multinational construction business in the real world. To be successful will require an effective business strategy to identify new work, secure the work in a competitive bidding environment, and then manage jobs progressed profitably, dealing with the many problems that will arise, such as job delays and managing risk. There will be many ups and downs, and good leadership and management skills will be needed to deal with adversity, and keep the business growing.
And so to the early action, and incredibly over 92% of the teams were able to post positive growth figures in period 5, the highest recorded for many years in the first round, and perhaps indicating that this could be the most hardfought Enginuity Competition of recent years. And the top of the leaderboard already has a real international feel, with 6 different countries represented in the top 12. The early pacesetters are "Compensation Nation" (WSP NZ, New Zealand) with an impressive 1,369 pts, but they cannot rest on their laurels with "Mangineer" (Parsons, Qatar) only 3 points behind as they look to keep the title at Parsons. "SuperSTRESSED" (Jacobs, UK) are just 2 points further back, with "Stantastic Six" (Stantec, United States) already living up to their team name in 4th. Of the new companies involved this year it is a team from McNab, "The O.G. McNab" (McNab, Austalia), who have made the most promising start in 24th.
And a word of caution to the leading teams, and hope for the chasing pack. The top teams at the end of the first round often have high workloads after successful bidding, and this can then limit their ability to win a high volume of work in period 6, whilst those who did not perhaps start too well are in the reverse posiiton, and can improve their forward workload and margin significantly in the second round, providing, of course, they set competitive bids. It should be a very interesting leaderboard again in the next round!