Innovation in Construction Technology, The Boost Program
The Building BITE Podcast
Season 2, Episode 14
May 31, 2022
Featuring Parker Mundt, Operating Director for Suffolk Technologies, and the Managing Director of their Boost Program.
Special Guest
Parker Mundt
Operating Director for Suffolk Technologies, and the Managing Director of their Boost Program
Parker starts us off by sharing his professional career and his road to his current position within Suffolk Technologies. Starting as a “Career Start,” Parker was exposed to several sides of the construction industry. He worked as a Project Engineer, Superintendent, and project manager while working on one of the larger projects in Boston. A few years into his tenure with Suffolk, Parker was offered the opportunity to work within a new team of Suffolk Technologies and act as the connecting bridge from the Suffolk Construction Team and helped drive Suffolk Technologies on where to invest and helping to add value to all stakeholders.
Please tune in to this episode of The Building BITE Podcast as we hear from industry experts about key topics to help you be successful. The Building BITE host Mike Diercksen, CRIS, welcomes Parker Mundt, Operating Director for Suffolk Technologies, and the Managing Director of their Boost Program.
Parker proceeds to identify his three main takeaways on closing the gaps within quality management:
- Innovation in the Construction industry requires buy-in and absolute alignment across stakeholders: Rarely are all the various stakeholders, such as Insurance Carriers, Architects, Engineers, and the clients, perfectly aligned. That is how the Boost program came to be, as it provides an opportunity to generate some equity early in the project. Once that has been deposited into the project, it creates a greater sense of purpose, enhancing alignment.
- Learn to fail fast: We have seen many companies face hardships and be forced to make difficult decisions early on. When you can assess the situation quickly and understand that you may not be able to achieve your goal, shutting the project down quickly provides the ability to innovate and try something new given what you have learned.
- Reverse Mentorship: Be open to learning in a variety of ways. While there are great lessons to be learned from traditional mentorship, we often find that younger professionals who may be more inclined to challenge the status quo may offer a different viewpoint, leading to unique solutions. These types of new questions and thoughts will be what help drive the construction industry forward!
To learn more about how you can better prepare your firm for the challenges ahead, listen to our full podcast episode with Parker Mundt, Innovation in Construction Technology, The Boost Program.
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Links:
View Suffolk’s website at Suffolk Technologies
Connect with Chris Epps
Connect with Mike Diercksen