“We have a fragmented industry: 7.6 million construction workers, 94% of them in firms of 20 or less. There are no truly national construction firms, operating in all the states. Unless you are able to operate at scale and achieve economies and efficiencies, you can’t afford to do R&D and spend money on technology to improve efficiencies. Construction is the lowest spender on technology and R&D of all industries. Unless you spend money on technology, you get huge inefficiencies.”
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