Over the past 20 years, labour productivity in construction has increased by just one percent. Manufacturing, however, has increased by 3.6 percent over the same period.
A 2017 McKinsey & Company report concluded that if construction sector productivity were to catch up with that of the total economy, this would boost the sector’s value added by an estimated $1.6 trillion.
One of the most significant factors impacting productivity in construction has been identified as the communication channel between the site and the project office. This channel is often the source of major pitfalls: expensive replication of data, messy paper trails and slow paced information sharing.
Procore is working with the Australian construction industry to close the collaboration gap between the site and the office, delivering a cloud-based project management system, which brings the project’s people and functions together in one simple platform.
With 56 percent of clients reporting a reduction of up to one week on a six-month project, real and measurable productivity gains can be accessed now. Find out how Procore can help you to manage your construction projects:
Phone: 1800 431 456
Email: team-anz@procore.com
Image courtesy of Procore