The McKinsey Global Institute reports: "Every year, there is about $10 trillion in construction-related spending globally, equivalent to 13 percent of GDP. This makes construction one of the largest ...

When it comes to operational constraints, rising materials costs and supply chain volatility (22%) are the top-ranking ...

Professional construction companies, whether they are small-town contractors or multinational conglomerates, operate with a similar profit/productivity equation. Ideally, the business must pay its ...

Those of us in the construction industry, whether we want to admit it or not, are faced with an unpleasant truth: we haven’t increased our productivity in more than 50 years. According to a research ...

Three of the four construction sectors measured showed new gains. Photo Courtesy of iStock. February 1, 2018 After decades of reports about stagnant or slipping construction productivity, a new U.S.

For too long, the construction industry has remained a laggard in adopting and embracing new tools, processes, and best practices for enhancing productivity. The $800-billion sector only allocates ...

Despite the many industrial advancements that have happened over the last half century, construction productivity has actually fallen. A recent report by the New York Times correctly pointed out that ...

High inflation and labor shortages are a major challenge for many industries, and no more so than in the construction and engineering (C&E) sector, where productivity has historically always been low.

There are worse economic trends than slowing productivity. How about declining productivity for one? That’s the nasty trick pulled by the US construction sector. It’s been running in reverse for a ...

The process of designing and constructing a building is markedly different from that of manufacturing a product. But adapting lean production-management concepts from manufacturing for use in ...

More than 11 million people, or about 8 percent of the total U.S. workforce, were employed in construction in 2007 and the buildings they constructed were worth $1.16 trillion, according to a 2008 U.S ...