Numerous reports are proving that the industry of construction is stagnating when it comes to productivity. Since the 1950s, industries such as manufacturing and agriculture have managed to increase the overall productivity across sectors. However, construction is said to have seen little to no improvement in productivity – the industry is stagnating, while a great part of the lack of productivity is contributed to labor shortages. What seems to be the problem with facilitating greater productivity in construction and what does it take to annul stagnation in this area?
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Fragmentation in Construction Demands Clear Organization and Collaboration
Many construction projects and construction companies, in general, are facing stagnation when it comes to productivity in the sector. Labor shortages are “to blame” in many cases, however, construction is facing other challenges as well, which is consequently affecting the overall productivity. Collaboration and solid organization arrive as some of the key factors for increasing productivity. Given the fact that the industry is highly fragmented, there are numerous stages in a single project that need to be addressed to facilitate productivity. Some construction companies are turning to BMI as a viable solution set to increase productivity. However, BMI can’t solve all the problems causing productivity. Regulations, public demand, and the lack of innovation in terms of failing to turn to tech adoption in mass are also affecting productivity in construction.
The Perks of Increasing Productivity in Construction
By bringing technology to the table, improving project planning, collaboration, organization and even communication with BMI and similar tools can positively affect the overall productivity in the sector. The perks of increased productivity are seen in projects that are completed more efficiently and rapidly, as well as in the reduction of costs per project. Moreover, the project, in general, becomes more profitable with increased productivity, injecting more capital in the construction business.
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