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Our approach
We believe the key to innovation is to learn safe, learn fast, and learn forward. We follow a
six-step internal process to test assumptions, integrate solutions in the business, and
ensure a steady stream of diverse ideas. Our goal is rapidly to deliver mature innovation
to our projects for the benefit of our customers.
INVESTING IN IDEAS
The Future Fund was created as an incubator for ideas within Bechtel,
specifically tasked with seeking out new, disruptive ideas from our colleagues,
suppliers, and customers – partners inside and outside our industry. The Future
Fund then finances the ideas that can dramatically improve engineering and
construction processes, quality, and safety. The fund allows ideas to mature
from concept to prototype in a sandbox before deploying as project pilots,
effectively de-risking exploration and innovation for our projects and
customers. Our end goal: deliver the best for our customers and create a new
way of doing business. We call this Project 2020 (/about-us/innovation/project-
2020/).
Currently more than $53 million has been committed to prototyping and testing
these new ideas.
Learn more about our approach at Forbes: Less Dust, More Data. Construction
sites have gone high-tech
(http://www.forbes.com/sites/lauriewinkless/2016/05/13/less-dust-more-data-
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In 2018 information
https://www.bechtel.com/about-us/innovation/ 3/5
3/22/2019 Accelerating Innovation in the EPC Industry - Bechtel
■ We have met with more than 50 companies, including the most promising start-
ups in the burgeoning construction tech scene to talk through ideas and
challenges and review their technologies
Copyright © 2019
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