Presented by: Michael Keller, FMI
February 13, 2024
In an ever-competitive construction industry, labor productivity is key to achieving both efficiency and profitability. This presentation unravels the findings of FMI’s 2023 Labor Productivity Study, including the current challenges hampering labor productivity and highlighting the potential opportunities for labor cost savings through increased efficiency and field preparedness. By diving into the operational best practices that are linked to labor productivity, attendees will gain insights into effective strategies that foster both contractor profitability and overall operational excellence.
Learning Objectives
Understanding the Challenges: Grasp the current obstacles and inefficiencies in labor productivity within the construction industry and their impacts on overall business profitability.
Connecting Operational Best Practices with Profitability: Understand the key operational best practices that align with your business that facilitate improved field productivity and contractor profitability.
The Importance of Reliable Cost to Completes: Cost to completes are a key indicator in project and company performance. Understand the trends between the reliability of cost to completes with operational best practices and contractor profitability.
