From the course: Construction Industry: Productivity

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Productivity in construction

Productivity in construction

From the course: Construction Industry: Productivity

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Productivity in construction

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- Throughout my various construction industry courses here on LinkedIn Learning, I talk about the need for the industry to evolve and improve, and I discuss ways to achieve this. When we discuss improvement in the construction industry, the need is particularly evident when it comes to productivity. Now, broadly defined, experts measure construction productivity by how quickly, and at what cost, buildings and infrastructure can be constructed. It directly affects prices for homes, and consumer goods, and it affects the national economy's robustness. In a previous segment, I made the comment that the construction industry lags way behind all other industries, in terms of productivity, and more specifically, productivity growth. Put quite simply, over the past 50 years, other industries like manufacturing have improved their productivity, their output, while construction has not. So now I'd like to validate that comment…

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