Construction companies that don’t make trust a high priority within their organizations could be leaving millions of dollars on the table every year, according to a study released by Autodesk and management consultancy FMI Corp. this week.
Authors of the “Trust Matters: The High Cost of Low Trust” found that construction organizations with very high levels of trust within their companies and project teams report better financial and organizational performance, such as more repeat business, increased rates of employee retention and engagement and a higher rate of on-time project delivery than those organizations with lower trust levels.
