Contractors who focus on productivity improvements produce bottom line profits exceeding national averages. “Working smarter not harder” will continue to be the motto of contractor success. However, recent trends in productivity improvement programs have tended to focus on improving short-term results. But in the long run, contractors will have to substantially increase productivity to offset what seems an inevitable decline in the growth of the labor market.
As a result of recent demographic trends in the United States, many contractors believe that the single greatest challenge facing the construction industry is a shrinking qualified workforce.