A widespread adoption of lean techniques, integrated teaming and virtual design and construction could be the keys to improving productivity in the construction industry, according to a new report released by the National Research Council. The report, “Advancing the Competitiveness and Efficiency of the U.S. Construction Industry,” focuses on reducing waste in time, cost, materials, energy, skills and labor and offers recommendations on how to promote industry-wide adoption over the next 20 years. + Image Source: U.S. Dept. of Commerce, Bureau of labor statistics Construction and non-farm labor productivity index “This is the most important topic in the industry right
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.