ECONOMICS OF THE CONSTRUCTION INDUSTRY

THE CONTRACT CONSTRUCTION INDUSTRY IS DEFINED, AND ITS IMPACT ON THE NATIONAL ECONOMY IS MEASURED. TO ASSESS THE BARRIERS TO ENTRY AND NEW COMPETITION, THE ANALYSIS FOCUSES ON THE STRUCTURE OF THE INDUSTRY. AN EXAMINATION OF THE FACTORS INFLUENCING THE RISE OF CONSTRUCTION COSTS DISCLOSES THAT GAINS IN LABOR PRODUCTIVITY WERE MORE THAN OFFSET BY RISING WAGE RATES. THE ANALYSIS OF THE PERFORMANCE OF THE CONSTRUCTION INDUSTRY CONCENTRATED ON THE ASSESSMENT OF ECONOMIC EFFICIENCY AND THE ECONOMIC FORCES RESPONSIBLE FOR THE OBSERVED BEHAVIOR. THE IMPENDING VAST OUTLAYS IN TRANSPORTATION FACILITIES AND URBAN RENEWAL OFFER AN UNUSUAL OPPORTUNITY FOR LARGE-SCALE CONSTRUCTION. THE SUGGESTION IS OFFERED THAT THE GOVERNMENT, ON AN EXPERIMENTAL BASIS AT LEAST, INCORPORATE IN THE DESIGN OF THSES PROJECTS INNOVATING FEATURES THAT MIGHT LEAD TO THE ADOPTION OF NEW CONSTRUCTION MATERIALS AND TECHNIQUES BY THE CONSTRUCTION INDUSTRY. /AUTHOR/

• Supplemental Notes:
  • No 111, 168 PP
• Corporate Authors:

  National Industrial Conference Board

  /Studies In Business Economics
  ,   United States 
• Authors:
  • Cassimatis, P J
• Publication Date: 0

Subject/Index Terms

• TRT Terms: Building materials; Competition; Construction; Construction industry; Construction management; Contracts; Costs; Design; Economic analysis; Economic impacts; Economics; Employee compensation; Governments; Performance; Personnel; Production; Transportation; Urban renewal
• Uncontrolled Terms: Construction costs; Transportation systems
• Subject Areas: Construction; Design; Economics; Society; Transportation (General);

Filing Info

• Accession Number: 00215361
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 26 1971 12:00AM