Last week in our blog highlights, we announced the availability of a construction productivity survey by the McKinsey Global Institute (MGI). This week we take a closer look at the survey and the 168-page report. The survey was international in scope involving more than 75 MGI employees from eight offices worldwide. In addition, the MGI staff consulted with more than 45 internationally known productivity experts, consultants, academics, economists, researchers and practitioners, including AGC’s Ken Simonson, Lean Construction Institute founders Greg Howell and Greg Ballard, productivity expert John Borcherding of the University of Texas and Stanford’s Paul Teicholz.
MGI surveyed 5,000 construction-industry CEOs representing asset owners, engineering and construction firms, suppliers and other institutions such as construction consulting firms, academics, and industry associations. Participants were asked to rank the relative importance of root causes of low productivity, and indicate what their companies were doing to address them. Read more.
New Standard Design-Build and Construction Management At-Risk ConsensusDocs Contracts
ConsensusDocs, a coalition of 40 design and construction industry associations, announced today that it is publishing completely updated design-build and construction management at-risk standard documents. Read more.
If you're interested in using a blog to promote your construction industry business, mark your calendar for Thursday March 16, 2017 at 1:00 PM CST by the Construction Marketing Association, with a focus on the A/E/C industry. Read more.