Construction Executives Pessimistic About Industry's Innovation

Construction Executives Pessimistic About Industry's Innovation

A new report reveals the construction industry needs help innovating new ways for increasing productivity:

“Forty-seven percent of respondents in the FMI Nonresidential Construction Index Report said their firms don’t have ongoing research and development efforts, and 69% ranked the industry’s ability to innovate as moderate to very slow…

Lack of innovation, according to the report’s authors, is troubling, given respondents saw no improvement in the sector’s productivity compared to last quarter’s index, in a time when labor shortages loom large. Tied to that, panelists revealed that lack of training and not finding innovative personnel is a concern for more than half of them. Their confidence in a favorable cost of labor also slipped from Q1 to Q2, dropping more than six points.”

And that is exactly why BuildingBlok was created!  We are a productivity increasing, innovation machine and we are here to help all businesses in the construction industry get more productivity out of their workers.  BuildingBlok is a construction management software solution guaranteed to make you and your entire business more productive!