For the past two decades, construction has been the most collaborative, yet most fragmented industry in the world. Over that time, construction productivity has only grown 1% a year on average. In 2018 alone, more than 1,231 billion was spent on construction in the U.S. That’s a large number, but the problem is that projects typically take 20% longer to finish than scheduled and are up to 80% over budget, according to a McKinsey & Company report.
To change this, industry leaders are making the case for construction technology. But the importance of technology adoption goes beyond just productivity and efficiency. We asked general contractors about why it’s important for the construction industry to invest in technology