Measuring Construction Efficiency

(note: this post is more economics heavy than typical. I do not have any sort of training in economics, so it’s very possible I’ve made a mistake somewhere in interpreting this. If you see one, please point it out!) In general the evidence for long term lack of gains in construction efficiency is extensive enough that I haven’t felt compelled to dive into the specific measures documenting it. But (like with most things), the evidence isn’t so completely one-sided that any claims to the contrary can be immediately dismissed. And in general, the better we understand the various measures of construction efficiency, the better we can grasp the shape of the problem. So let’s take a look at a few of them.

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