The State of the Construction Industry in the New Decade

The construction industry is rapidly evolving. There’s the rise in construction prefabrication, the national skilled labor shortage, the rising cost of material, an aging national infrastructure and more, that are all influencing the industry’s trajectory.

With all of this change, contractors are struggling with missed deadlines and cost overruns. According to a KPMG study, 31 percent of projects came within 10 percent of the budget in the last three years, and 98 percent of megaprojects were late, over budget or both. Due to these factors, builders around the world are being forced to find new processes to reduce costs, accelerate schedules and improve worksite safety. 

To help you gain a full perspective of the factors influencing your projects, we put together The State of the Construction Industry in the New Decade report that’ll help you better create feasible construction plans that prevent delays and mitigate costly planning mistakes. 

The State of the Construction Industry in the New Decade report provides research and expert insights into the following topics: 

• Forces that contribute to a boom in construction prefabrication
• Market changes adding to project pressures
• Construction trends in the coming decade
• The state of construction in the years ahead
• How to prepare for the future

Start your next project equipped with industry knowledge you’ll need to help you better plan for the unexpected, by filling out the form and downloading the guide today!