As the labor shortage worsens and productivity stagnates in construction, tech companies and construction firms are finding ways to improve job-site performance and productivity. Construction tech company PlanGrid unveiled several new products meant to improve construction productivity during its inaugural PlanGrid Construction Summit in San Francisco on Monday.
PlanGrid CEO and co-founder Tracy Young said during the event that as other industries have digitized and reported increased productivity, construction hasn’t. She said the inability to access current information on construction projects costs the industry $20B annually.
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