Construction Today Vol 22 Issue 1 | Page 19

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of demand by a cumulative $ 40 trillion by 2040 . Add to this the high-stress environment , the remote nature of work , and time away from family - all of this makes construction workers more likely than other industries to be prone to mental health challenges and high rates of suicide . This makes recruiting and retaining talent in the construction industry notoriously hard .
Traditional methods to improve project management and reduce project risk , which rely on reactive strategies and disjointed data , fall short of addressing the complexities of today ’ s construction landscape . Every minor issue creates a delay and has the potential to cascade into significant issues that can eventually escalate project costs , reduce profit margins , increase safety risks , and take a toll
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