By reminiscing about new drilling rig construction for the last 15 years, this paper proposes a change of thinking in reducing both cost and risk through the application of lessons learned. Every individual who has been involved in building rigs carries their own lessons learned forward, and they naturally apply them to their next construction project. Historically, these collective lessons have not been proactively focused for the good of the industry. Therefore, the intent of this paper is to draw upon the concurrent themes of these lessons learned and, in turn, propose industry-wide solutions when dealing with newrig construction.The group with the broadest exposure to execution challenges, and the subsequent source of the information within this paper, can be found with the suppliers, installers, and integrators of the equipment and controls on new-build rigs. In our most recent construction cycle, the introduction and application of the most successful pastera behaviors has removed considerable risk from the emerging processes. The emerging processes that have been developed are the product of increases in complexity and the subsequent integration challenge that comes from numerous control systems. However, as it is known, these control systems are expected to work as one harmonious drilling machine, and historically this has not been the case! Impressive early results have shown marked improvements with the implementation of complete standard rig designs. These results have reduced the overall risk, and in some cases, they have shown how the innovative utilization of simulators early in the process to try and face construction woes, prior to the actual construction process, can avoid hitting a bottleneck in the process.