![QA/QC
Quality Assurance/ Quality Control
Multivista & Zero Defect
GC’s: Recover nearly 20% of your lost profits
As a cornerstone of a Quality Assurance/ Quality Control program, Multivista can reduce
non-conformance rework by subcontractors that on average costs the General Contractor 30%
of its profits, equivalent to an average of 3% of project cost.
The Multivista Exact-Built™ system creates a comprehensive, time-indexed permanent record of your
entire construction project, capturing actual conditions throughout construction and at critical milestones
with inspection-grade digital photography.
The Facts:
$250,000 (per $20M project cost) = average cost of claim per major defect (1 occurrence)
Average cost of rework without a proper QA/QC program is estimated at 3% of total project cost
Lost profit to the General Contractor equals 30% of profits
Rework/error estimated to be reduced by 70% when a valid QA/QC program is in place
Multivista satisfies approximately 33% of the requirements of a QA/QC program such as Zurich’s
Multivista typically costs between 1/10th of 1% and 1/5th of 1% of project cost
On The Numbers: (Assumed Project Cost: $100M)
REWORK:
Average rework/lost profits: $3,000,000
(3% project cost) REWORK
QA/QC Program Savings: $2,100,000 Bottom line:
(Average of 70% savings)
QA/QC Program Savings attributed to Multivista: $693,000
Multivista ROI 4.75 : 1
(33% of QA/QC)
[Less] Multivista’s cost: ($120,000)
(Typical scope)
Net QA/QC Program Savings attributed to Multivista = $573,000
CLAIMS:
$573,000/ $3,000,000 = 19.10% lost rework profits recovered
Cost of 1 Claim on average
from subcontractors!
(i.e. flashing install, footing error, etc.): $ 1,250,000
Based on the foregoing, Multivista has a return on investment
[Less] Multivista Cost ($120,000)
of approximately $4.75 for every $1.00 spent!
Savings if Multivista utilized
to prevent just a single defect claim $1,130,000
CLAIMS Multivista more than pays for itself 8 times over if it helps
prevent a major claim!
Bottom line:
Multivista ROI 8.42:1
The above information is based on studies provided by Zurich North America Insurance and University of Nevada Las Vegas.
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Qa Qc Multivista & Zero Defects
- 1. QA/QC Quality Assurance/ Quality Control Multivista & Zero Defect GC’s: Recover nearly 20% of your lost profits As a cornerstone of a Quality Assurance/ Quality Control program, Multivista can reduce non-conformance rework by subcontractors that on average costs the General Contractor 30% of its profits, equivalent to an average of 3% of project cost. The Multivista Exact-Built™ system creates a comprehensive, time-indexed permanent record of your entire construction project, capturing actual conditions throughout construction and at critical milestones with inspection-grade digital photography. The Facts: $250,000 (per $20M project cost) = average cost of claim per major defect (1 occurrence) Average cost of rework without a proper QA/QC program is estimated at 3% of total project cost Lost profit to the General Contractor equals 30% of profits Rework/error estimated to be reduced by 70% when a valid QA/QC program is in place Multivista satisfies approximately 33% of the requirements of a QA/QC program such as Zurich’s Multivista typically costs between 1/10th of 1% and 1/5th of 1% of project cost On The Numbers: (Assumed Project Cost: $100M) REWORK: Average rework/lost profits: $3,000,000 (3% project cost) REWORK QA/QC Program Savings: $2,100,000 Bottom line: (Average of 70% savings) QA/QC Program Savings attributed to Multivista: $693,000 Multivista ROI 4.75 : 1 (33% of QA/QC) [Less] Multivista’s cost: ($120,000) (Typical scope) Net QA/QC Program Savings attributed to Multivista = $573,000 CLAIMS: $573,000/ $3,000,000 = 19.10% lost rework profits recovered Cost of 1 Claim on average from subcontractors! (i.e. flashing install, footing error, etc.): $ 1,250,000 Based on the foregoing, Multivista has a return on investment [Less] Multivista Cost ($120,000) of approximately $4.75 for every $1.00 spent! Savings if Multivista utilized to prevent just a single defect claim $1,130,000 CLAIMS Multivista more than pays for itself 8 times over if it helps prevent a major claim! Bottom line: Multivista ROI 8.42:1 The above information is based on studies provided by Zurich North America Insurance and University of Nevada Las Vegas. www.multivista.com