Labor productivity is the central driver of profitability for labor-intensive, self-performing contractors. FMI research suggests that contractors lost approximately $30 billion to $40 billion to labor inefficiencies in 2022. These labor productivity deficits translate to significant project and enterprise margin erosion industrywide.In this episode of Built-In, FMI Consulting President Scott Winstead interviews Partner Tyler Paré and Consultant Michael Keller about the 2023 Labor Productivity Study and ways contractors can harness labor to improve profit margins.