Building a Stronger Bottom Line through Labor Productivity
Indiana Construction Annual Event
Friday, February 9th, 2024
In an ever-competitive construction industry, labor productivity is key to achieving both efficiency and profitability. This presentation unravels the findings of FMI’s 2023 Labor Productivity Study, including the current challenges hampering labor productivity and the potential opportunities for labor cost savings through increased operational efficiency and field preparedness.
By diving into the operational best practices that are linked to labor productivity, attendees will gain insights into effective strategies that foster both contractor profitability and overall operational excellence.
Watch on-demand to learn:
- What the biggest challenges are: Grasp the current internal and external obstacles and inefficiencies in labor productivity
- How to connect operational best practices with profitability: Understand the key operational best practices that are linked to improved field productivity and contractor profitability.
- The importance of reliable cost to completes: Cost to completes are a key indicator in project and company performance. Understand the trends between the reliability of cost to completes with operational best practices and contractor profitability.
- How to turn data into insights: industry best practices regarding data collection and analysis on labor productivity, labor cost and gross profit margin.
About the Speaker
Michael Keller is a Senior Consultant with FMI focusing on providing expert guidance on operational excellence, labor productivity and strategic planning. He helps organizations recognize maximum operational potential and find data-driven, proactive solutions to complex problems.
Before joining FMI, Michael spent several years in commercial construction project management, completing projects ranging from minor tenant improvements to large health care projects.
He is a graduate of the University of Florida with a Master of Business Administration in Competitive Strategy, and a Bachelor of Science in Civil Engineering.