After arguing for decades that it is not so, I find out that I’m wrong. This is from a 2007 article on construction.
- If it takes six months to build a house, then 85 percent of the time is spent on two activities: waiting on the next trade to show up and fixing mistakes.
- Clemson’s Professor Roger Liska conducted an analysis of productivity on the construction industry and found that the average construction worker operates at only 40 percent efficiency.
- Critical shortages exist in qualified, skilled workers and labor issue futurist Roger Herman predicts the situation is only going to get worse.
- Business Week’s 2007 Investment Outlook Report indicates the return on equity (ROE) for all U.S. industries is 17.9 percent, while the ROE for the construction industry is a mere 9.7 percent, despite the recent construction boom.
- Industry customers are frustrated with poor quality, confrontation, excessive change orders in quantity and dollar value, scheduling delays and litigation.