BlackRock Acquires GIP: Technology, Operational Efficiency and Productivity in Construction
What does BlackRock‘s $12B acquisition in Global Infrastructure Partners (GIP) signal about the future of the Construction Industry? Hint: technology, operational efficiency, and productivity in Construction. About the deal: Macro Trends Driving Investment: Booming Infrastructure Market: The infrastructure sector, valued at $1 trillion, is on an upward trajectory, fueled by digital infrastructure and decarbonization. Government-Private […]
Labor Productivity in Construction: How a Labor Shortage and Misaligned Incentives Led to an Underinvestment in Technology.
Labor productivity in construction is declining. A recent study by Syverson & Goolsbey, economists at Chicago Booth and the Federal Reserve, confirmed what many of us already know. Productivity in construction has declined by 1% per year since 1970, while other industries saw increases of around 2% during the same period. Add it up over […]
