Accession Number : ADA524754


Title :   Construction


Corporate Author : INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC


Personal Author(s) : Bewick, Andrew ; Boettcher, Mark ; Bott, Julian ; Condon, William ; Eads, Kenneth ; Harter, Gary ; Holcomb, Arnold ; Kiukucans, Juris ; Laster, Bill ; Mally, Alec


Full Text : http://www.dtic.mil/dtic/tr/fulltext/u2/a524754.pdf


Report Date : Jan 2002


Pagination or Media Count : 26


Abstract : The construction industry grew at a moderate pace during the last twelve months, in spite of a weakening economy and chronic shortages of skilled and semi-skilled labor. The economic stimulus package adopted in the wake of the September 11th terrorist attacks--notably a series of interest rate reductions--resulted in a sharp increase in housing construction and renovation, offsetting a downward trend in commercial construction. The terrorist attacks also stimulated a renewed interest in applied research and development aimed at improving materials and construction techniques to mitigate the potential damage of future terrorist attacks on American infrastructure. Industry data show evidence of a continuing trend towards consolidation through acquisitions and mergers, forcing smaller construction-related companies to increase their productivity to remain competitive. This trend is driving an accelerated use of information technology tools, particularly at the interface between construction design and scheduling, in an industry-wide effort to improve the efficiency and predictability of project delivery. Finally, as State and local governments find it increasingly difficult to raise revenues to build and maintain needed infrastructure, alternative financing mechanisms involving the private provision of traditionally public services are becoming more widespread. The construction industry demonstrated its resiliency and surge capacity with its yeoman response to the exceptional clean up and reconstruction requirements at the Pentagon and World Trade Center disaster sites. There are no overriding concerns about the readiness of the construction industry to contribute to national security or national mobilization in the event of future conflicts. The industry is generally healthy, moderately profitable, and industry analysts expect continued growth in housing, commercial construction and heavy construction over the medium and long-term.


Descriptors :   *CONSTRUCTION , NATIONAL SECURITY , CONTRACTORS , CASE STUDIES , HOMELAND DEFENSE , POLICIES , CONSTRUCTION MATERIALS , INFRASTRUCTURE , ECONOMIC FORECASTING , FORTIFICATIONS


Subject Categories : Civil Engineering
      Structural Engineering and Building Technology


Distribution Statement : APPROVED FOR PUBLIC RELEASE