Industrial College of the Armed Forces: Industry Studies 2000: Construction   [open pdf - 314KB]

The U.S. construction industry is vibrant, healthy, and growing. United States firms dominate the domestic market and maintain a competitive advantage in the growing overseas market. However, the shortage of skilled workers, the impact of information technology, changes in the way projects are financed and executed, and the privatization of public infrastructure--especially overseas--have altered the construction landscape, forcing the industry to reevaluate the way it does business. The process of adapting to these changes in the conservative, risk-averse U.S. construction industry has been slow but steady. The government has an important role to play in this transition, especially in light of the industry's vital contribution to U.S. economic strength, military power, and ultimately its national security. Coherent and consistent polices that create a favorable environment for industry growth at home and abroad should help nurture and extend the industry's competitive advantage and help maintain its "world-class" stature.