Productivity improvements are the c...

Productivity improvements are the construction industry's single largest opportunity for expense reduction and enhanced competitiveness and profitability, according to FMI, a management consultant the construction industry.

In its annual U Markets Construction Overview, FMI said studies point out that 30 percent of expenditures for construction labor are wasted. Therefore, a reduction of these costlinesss by even a few percentage points can significantly impact profits.

U construction industry productivity has declined about 20 percent during the past pair decades - a trend that