BST Global CEO Javier A. Baldor participated in ACEC Research Institute’s roundtable, “Lump Sum Contracting: Current Practices, Opportunities and Challenges.” This thought-provoking roundtable focused on the potential opportunities and challenges of lump sum structures for engineering and design services in the transportation sector.
The participating panelists included:
- Javier A. Baldor, Chief Executive Officer, BST Global
- Michael Garvin, David H. Burrows Professor of Construction Engineering, Virginia Tech College of Engineering
- Eric Pelfrey, P.E., Director, KYTC Professional Services
- Kevin McMahon, Senior Research Consultant, ACEC Research Institute
During the session, Javier gave his unique perspective on how the AEC industry’s commercial atmosphere is changing as AI and other technologies come into play. In his words: “I believe we are ushering in the Fourth Industrial Revolution, and it will be powered by all things AI and data. It is going to transform our industry as we know it.” Additionally, Javier explained that firms will need to make massive investments in new and emerging technologies (like AI, machine learning and big data) while also retraining and upskilling their professionals if they hope to prosper in the future. Watch the full discussion here.
The ACEC Research Institute recently asked Javier to write a foreword for its report on the use and benefits of lump sum contracting in the engineering industry. Read more about the report here.
