The construction industry, a vibrant, healthy, and stable component of our nation's economy, is characterized by many small firms, fierce competition, and domestic market dominance. The industry is beginning an international expansion into new areas of economic opportunity. U.S. high technology, new construction methods, engineering design, and management are key strengths in obtaining a significant international market share. Our nation's infrastructure is in need of substantial repair and capital development. Our roads, bridges, and facilities need improvement to support future U.S. economic strength. Faced with declining domestic and international resources, governments are employing new methods to finance infrastructure development. Privatization and Design-Build-Operate variations are vital to solving capital shortfalls. Using automated technology can enhance construction design, management, processes, and equipment, while simultaneously reducing bureaucracy and overhead.
ICAF Industry Studies 1997