Need of Innovation in PMC and the future

PMCs in India are expected to reach new heights in the coming years with focus on innovation in the areas of engineering, technology and risk management and with involvement of more skilled subject matter experts in the field.  Project Management Consultancy (PMC) and Innovation in any form goes hand-in-hand.While traditional project management models focused exclusively on delivery of products and services, newer project management models focus primarily on the achievement of a result. Nowadays, project management is not just about executing the scope of works in the given time frame, but also about interpreting the business strategy, effective risk assessment and deriving a solution. Thus, in this context, innovation becomes more central to project management today, than ever. In India, it has been a common misconception thatPMC and Engineering service is a supervisory job. However, that is not true in today’s environment, as PMC involves a lot more activities than just supervision. For example, in Synergy, PMC is considered as management from ‘concept to delivery’ which includes complete designmanagement with full value-add/value engineering, preparation of comprehensive development planning strategies, and pre-planning the entire construction system and strategy based on the need of the Project. Synergy contract documents also incorporate key aspects of FIDIC and other international contracts, which in turn makes these contract documents benchmarked to global standards. In PMC today, innovation is one of the most essential components for success. Innovation forms the key at various junctions of PMC and Engineering services, starting from pre-engineered building to precast, to designing toilet pods, and inclusion of latest façade materials and engineering. Making projects green and self-sustainable, with focus towards buildability, better maintainability and operational excellence through infusion of right technology is a key component of innovation. In India, we do not see many contractors with experience in entire gamut of development, be it Civils, M&E, etc. It also varies from city to city. Largely, Clients make decisions based on PMC recommendation to make the journey from concept-to-delivery hassle free. In this context, Design & Build Contract by PMC is finding more relevance today. Presently, in India, the demand is growing for Turnkey Solutions. Also, in the coming days, PMCs will be required to adopt to technologies such as 3D scanning, Building Information Modeling (BIM), Web Collaboration and Management Information Systemsetc. which are cloud based, to reach new heights. Also, the focus will be on green and zero discharge buildings. Moreover, in the immediate future, PMC is going to become more relevant due to RERA implementation as there will be a strong need for delivery and financial control. That apart, all customers will be looking for independent and technically strong PMCs for more stringent monitoring of projects. Competency in PMCparlance will thus be defined as ability to assumesingle point responsibility for effectivedelivery of projects from concept to closeout. PMCs are expected to gear up to this demand. The need of the hour for PMCs is to deliver projects in time, without compromising on quality and cost, with aid from innovation and cutting-edge technology. As of now,Synergy has a proven track records toact as a single point contact, taking entire responsibility of design, procurement, construction and cost control, maintaining schedule and delivery as expected from the customer/ end-user. Further, the organizationhas risen-up to meet future demands from the industry with a strong team of highly skilled experts having domain expertise, and with an attrition rate of less than 2 percent. The organization has been recognizedfor its contribution over the past 14 years by the real estate world, the testimony of which speaks by itself with close to 100% repeat orders by most of its Clients. Synergy is committed to bringing in technology in their work. It is one of the pioneering PMCs in India to have moved away from the conventional system of development and brought in newer technologies such as steel buildings/ composite structures, precast, as well as adopting to cloud based software for tracking projects and innovative systems and procedures. The organization aims to remainfocused in adopting latest technology in engineering. Also, Synergy is championing the need for adopting offsite production, knock-down services and factory-built products with only erection at site model, in near future. With adoption of similar technologies already in the pipeline, and with more innovations in days to come, there is little doubt that PMCs in India are all set to transform the real estate and construction space for the better.