Rethinking productivity across the Construction Industry

Construction Industry in need of overhaul

Published by adf  on Wednesday, 15 April 2015

Construction industry needs overhaul to bolster productivity, says new report

74% of construction executives say lagging productivity is a major challenge for the industry

Productivity is an industry-wide issue rather than firm-specific

Lack of skilled labour most cited obstacle, followed by procurement methods, contract terms and government requirements

Nearly three of four (74%) firms with high productivity are early adopters of new technology

A new report published today by The Economist Intelligence Unit says the construction industry needs a major overhaul if it is to bolster its declining productivity.

Rethinking productivity across the construction industry: The challenge of change, sponsored by Autodesk, reveals that 74% of construction executives say productivity is a major challenge recognised by their leadership. But almost half (48%) admit that their firm has failed to develop a coherent strategy to address the decline.

Productivity is an industry-wide issue rather than firm-specific. Executives identified the biggest obstacles to improved productivity as: a lack of skilled labour (first); clients’ procurement methods and contract terms (second); and government requirements (third).

The report also finds that the early adoption of technology can help firms buck the trend. Nearly three of four (74%) high-productivity firms are likely to be early adopters of productivity-enhancing technologies. Respondents say technologies supporting greater collaboration and information-sharing are best positioned to boost productivity in the next three years.

Craig Halvorson, senior vice-president of operations at ARCADIS, a Netherlands-based design and construction consultancy, said:

“Productivity is a very relevant topic right now. The increased competition for talent, coupled with ongoing pressure from clients to be more cost competitive, are making things very intense.”

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About FaroLaz

Professional architect with extensive experience in all aspects of international design and construction projects management.

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