$177.5 billion annually—that’s how much the construction industry spends in labor costs on activities like fixing mistakes, looking for project data, and managing conflict resolution, according to a 2018 survey by FMI, a management consulting and investment banking firm focused on the built environment. And that’s in the US alone. It makes you question how much you’re wasting through lost productivity. Productivity in construction runs across many different aspects of a project, but this white paper will focus on progress status tracking and the many inefficiencies of traditional tracking methods.
This paper was developed by Shadow Ventures and sponsored by ICT Tracker. ICT Tracker was developed to answer inefficiencies on the job site and the frustration of manually tracking data preventing contractors from achieving their goals of profitability. Download the paper to learn more.
