Investing in infrastructure is crucial for improving productivity and driving economic and social improvements. However, productivity growth has slowed in many places, leading to the need for more and better infrastructure investment. The construction industry plays a significant role in national prosperity and economic output. Improving construction productivity directly impacts national prosperity and is essential for achieving economic goals. With the availability of new tools, skills, and knowledge, it is time to take action and prioritize productivity improvement in construction and the economy as a whole.
| Signal | Change | 10y horizon | Driving force |
|---|---|---|---|
| Investing in infrastructure improves productivity | Increase in infrastructure investment | Improved economic and social outcomes | The need to stimulate and rebalance economies |
| Productivity growth has slowed in recent years | Need for increased productivity | Adoption of tools, skills, and knowledge for improvement | Availability of new tools, skills, and knowledge |
| Construction productivity needs improvement | Significant improvement in construction productivity | Positive impact on national prosperity | Construction sector’s role as a catalyst for the economy |
| New tools, skills, and knowledge available for improvement | Adoption of delivery models, digitalization, standardization, commissioning, and circular economy | Improved efficiency and waste reduction | Advancements in technology and practices |
| Failure to improve productivity leads to underinvestment in infrastructure | Need for productivity step change | Falling short of economic, social, and environmental goals | Ensuring economic, social, and environmental progress |