AkzoNobel is a Dutch multinational active in the fields of decorative paints, performance coatings and specialty chemicals like: high purity salt, chlorine, caustic lye, hydrochloric acid, chloromethane and monochloroacetic acid.
These products are essential in daily life and are for example used in the manufacture of vehicles, glass, performance plastics, pharmaceuticals, feed and foodstuffs, textiles and disinfectants for swimming pools…
Prior to the 2001 maintenance outage, Ivan Janssen as senior quantity surveyor introduced the implementation of “Incentive Target Cost Contracts” for the main contractors who were nominated to execute the works during the 8 weeks of production stand still at the Rotterdam Botlek plant.
Through closely monitoring of contractor’s performance including detailed cost reports Ivan Janssen reported directly to the project director via expenditure reports and progress & management reports twice a day.
This resulted in a win-win situation whereby a budget cost saving of approx. 18% for AkzoNobel was realized together with an increased profit for the contractors with approx. 12%.