The global construction sector is poised for growth. But some organizations are pursuing new approaches to boost efficiency and productivity.
By Novid Parsi
2017 2019 2021
Annual revenue of global construction industry
Projected global construction spending
The construction sector’s projected
share of global GDP by 2020
ROOM FOR IMPROVEMENT
Cost overruns and delays dominate the construction sector, producing a lot of waste.
of construction megaprojects
(>US$1 billion budget) face
cost overruns or delays.
Average cost increase
above original budget on
Average completion delay on megaprojects