Construction is one of the largest industries in the world’s economy that generates trillions of dollars every year. However, the industry faces many challenges like tough competition, low profit margins, cost overruns, and tight project delivery deadlines.
These challenges are some of the major concerns for contractors and construction businesses. Now, what shall be done to tackle these problems successfully? One way is to keep a check on your productivity. According to reports, the productivity in construction has grown by just 1% over the last 20 years. This is not just alarming but the biggest cause of many problems and challenges facing the construction industry today.