Industry Alliance Formed to Address Construction Productivity Issues

PORTLAND, Ore. — Viewpoint, BKD LLP & FMI Corporation have teamed up to perform deep research into construction productivity issues in order to make practical recommendations for areas of improvement.

The lag in global construction productivity has been widely reported by a number of leading research firms and has been estimated at as much as 1.2 trillion dollars annually. Improving productivity by as much as 10-20 percent could make a huge impact on the construction economy, providing more funding and/or resources for critical infrastructure projects which have been traditionally underfunded.

Together these organizations will employ cutting-edge tools, including Big Data & Analytics, in order to identify trends that affect productivity. Areas of potential research focus include field productivity and performance, project risk profile assessment, collaboration and supply chain management. The group’s goal is to deliver its first phase of research and recommendations in the fourth quarter of 2017.

Filed under: OrganizationsTagged with: , , , ,