Construction Labor Productivity: The $20 Billion Opportunity
Labor productivity is the central economic engine of labor-intensive, self-performing contractors that drives profitability. Our research suggests that contractors lost approximately $30 billion to $40 billion to labor inefficiencies in 2022. These labor productivity deficits translate to significant project and enterprise margin erosion industrywide.
Key findings include:
- Almost half of respondents (45%) saw declining labor productivity.
- 3 of the top 4 internal factors affecting productivity are related to planning, communication and collaboration.
- 79% of contractors could improve labor productivity by 6% or more with better management.
Download the full version for all our insights into productivity and learn how you can improve your operations.
