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Labor
Industry disruption will continue and the firms that succeed will be those that can prove impacts, move decisions forward, and minimize rework with the teams they have, not the teams they wish they could hire. Newforma’ s 2025 survey findings make the connection explicit: 41 percent of project delays are tied to labor shortages, but 77 percent of firms miss deadlines because of poor project and information management. In other words, firms cannot control the macro level labor market, but they can control how effectively they equip their people to navigate it.
By taking a more sophisticated approach to project and information management, contractors can operate at a higher level of efficiency and resilience, even as workforce constraints persist. They can onboard new staff faster, reduce dependency on any single individual and present themselves to owners and partners as organized, responsive and easy to work with. Those are the firms that will stand out in a constrained labor market, not just as contractors of choice, but as employers of choice as well. ■
Peter Cannone www. newforma. com
Peter Cannone is the President and CEO of Newforma, where he leads the company’ s mission to improve how AECO firms manage project information and collaborate across complex projects. Newforma empowers AECO firms by delivering technology solutions that drive better outcomes for all stakeholders throughout the construction project lifecycle.
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