Why is the construction industry underperforming? The skills shortage is a reason for poor quality work and slow technology uptake, labor and material costs explain high rates for the customer, and each blames the previous link in the construction supply chain for whatever is going wrong. The time has come for the construction sector to take responsibility for fixing the problems around poor performance and efficiency. “There is unanimous agreement that construction efficiency is poor, its supply chains deeply fragmented, and, despite record recent activity, construction margins remain at unsustainable levels to deal with the risks involved,” says David Chandler, OAM FAIB, principal of CE Advisory. “Despite all of these challenges, there is still a group of very capable construction companies who cope with all of this. They try to be more efficient. They try to embrace the new technologies and construction methods that elsewhere are redefining this industry into what’s called the Fourth Industrial […]