Market leading infrastructure firm Global Road Technology (GRT), have taken an unprecedented step for their industry by commissioning a cost benefit analysis of their operations. The analysis, recently compiled by accountancy firm Deloitte, compared the GRT approach with conventional methods for key service offerings. The confidence shown in exposing their operations through such an assessment was proved correct, as Deloitte’s independent experts revealed both cost and operational benefits of the GRT approach.
GRT is an internationally successful, Queensland based, infrastructure firm with a reputation for building roads anywhere and quickly. That standing is based on GRT’s ability to create durable waterproof surfaces on a wide range of soil types. Their innovative range of products use proprietary polymer technology, which have many additional applications such as dust suppression and soil stabilization in even the toughest conditions.
For the cost benefit analysis, Deloitte brought together a team of industry leading experts for an in-depth independent comparative financial analysis. The report focused the use of GRT’s stabilization and dust suppression technologies relative to conventional road construction and water spray dust suppression techniques.
The team included Deloitte’s Infrastructure Advisory Freight Leader, Liesbet Spanjaard, and their Business Modelling Group Leader, Aleks Lupul, among others. In addition to specialists called in from highly regarded engineering and construction services firm SMEC, specifically Derrick Hichins, SMEC’s National Traffic and Transport Leader and specialist cost estimator for project support, Alan Spiers also provided comparative cost assessments and inputs, bringing his 30 years of experience to the already knowledgeable team.
The team reported cost savings as high as 37% when using GRT products over conventional alternatives, while also highlighting a raft of social and environmental benefits. One key cost saving element appears to be GRT’s utilization of in-situ materials for road building, removing the need for borrow pits and extended material transit.
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The report acknowledged that GRT treated roads accommodate movement, moisture, and temperature extremes that would crack most other surfaces. It also highlighted the less tangible benefits of GRT’s dust control and road stabilization products, in creating greater operational efficiency and reducing maintenance demands.
GRT maintains a high environmental standing, with all its products certified by ERM, the worlds leading sustainability consultancy firm. The firm’s approach not only reduces usage of natural resources like water and road building materials, it also lessens the environmental impacts from fugitive dust, erosion, and borrow pits.
GRT has long been seen as an innovator and market leader for road infrastructure services. Now they have proven their cost effectiveness with the undeniable accuracy and independence of a “big 4” accountancy firm. The glowing report, from such reputable independent analysts, will be especially welcomed by the mining and resource sectors in Australia and beyond.
GRT have now gone one step further, by developed the data into an online cost benefit calculator. The calculator, featuring on the GRT website, allows individuals and companies to perform a live cost benefit analysis for their specific country, currency and operation, another first for the industry.
Despite what was a significant investment, this unprecedented analysis is being seen as a shrewd move by GRT, and is likely to send ripples across the industry. As if a challenge had been laid down, competitors will need to prove their value, as GRT has done, ultimately improving the industry as a whole.
For more information regarding the Deloitte Cost Benefit Analysis please contact Global Road Technology.
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