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Why construction struggles to compete with rival industries

from Construction Dive

Along with labor shortages, increasing regulations and lot availability problems, one issue spans all sectors of the construction industry, leaving professionals fraught with concern. That issue is productivity. Recently, Brendan Bechtel, president and COO of global construction giant Bechtel, told Fortune that stagnant productivity levels in construction leave him "haunted at night." A recent World Economic Forum study found that productivity gains in the construction industry have been "meager" when compared with the advancements of other industries during the last 50 years. more

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