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The Challenge in the US Construction Industry

The greatest challenge in the US construction industry, from an economic standpoint, is the increased construction cost and the slim profit margin that is associated with the traditional methods of design and construction which has not been completely phased out.. With an expanding population and economic growth, the US has a driving need for more facilities which requires more design and construction services. Amid this increasing demand for more facilities, the concerns over some of the industry’s problems still linger. These concerns, which sometimes push clients or developers into outsourcing construction services to overseas companies, positions the construction industry on a tight spot. In view of these problems, the industry has been left with no option than to implement massive reforms in other not to suffer the fate of some of the U.S. industries: automobile, textile, electronic, and steel industries.   An independent research, carried out in the industry, indicates

The US Construction Industry

The US Construction Industry is a vital part of the US economy; it is a microcosm of the economic system, accounting for 8% of the GDP. It employs about 6 million people and is considered the second largest goods-producing industry in the US. The industry is highly competitive and has slim profit margins. It hasn’t reached its full potential because of its traditional or old ways which seems to still linger, irrespective of its recent, gradual, acceptance of innovation. Prior to this turn of events, industry showed a lot of reluctance in accepting innovation through technological changes, especially when it needed it most. This pushed it into facing various quality related issues. The industry lacked automation where it needs it most; building elements or components such as bricks and nails are still being fixed and laid-up, one at a time; design teams still work in silos with reduced collaboration. These issues have raised some concern which has caught the attention of various aca