FMI, a Raleigh, North Carolina-based consulting and investment banking firm with clients in the built environment, said that high-performing companies can increase productivity through intense planning, reliable budgeting and documentation and buy-in from all stakeholders. These also happen to be many of the principles championed by lean construction methods.
On top of wasted money on productivity, construction faces a well-documented shortage of workers compared to demand. Estimates put the industry’s current need at half a million.
