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Industry could be overspending $177B per year, study finds

The average time U.S. construction professionals spend on rework, conflict resolution and looking for project data — issues that can be avoided with improved communication and data management — is costing the industry more than $177 billion annually, according to a new report from PlanGrid and consultancy FMI Corp.

Out of 600 professionals surveyed for the “Construction Disconnected” report, 336 work in commercial construction, and of the total number of respondents, 49% are general contractors, 36% are in the specialty trades and 15% are owners or developers.

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