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The sharp rise in labor and material costs has rocked the North American construction industry. While it’s been a heavy topic of discussion, there hasn’t been enough hard data in one place to get a clear snapshot of how it is impacting subcontractors. Until now.

We have identified three ways to address our current industry challenges and to create a much more efficient and profitable business model for the construction industry.

Innovation comes in different forms. The development of technology, workforces, and policies are all part of what is propelling the construction industry forward. New ideas and talent coming into the industry have brought building information modeling (BIM), drones, and offsite construction, and there are still many more advancements that can be made. Organizations such as …