Take a Short Quiz on Construction Trends and Statistics and See How Much You Know
What is the largest construction related project? How long did it take? How much did it cost? Do you know just how large the construction industry is or what it’s projected to be in the near future? Ever consider what influences construction labor shortages?
Time to test your knowledge!
Take this short, fun quiz and see how your knowledge stacks up. After answering each question, scroll down to the bottom of this article to see how you fared. Don’t worry — we won’t share your answers, there is no time limit and this can be “open book.” Enjoy.
Q1: What is the largest construction project in the world?
- Denver Airport
- The Willis “Sears” Tower
- Al Maktoum Airport, Dubai
- Eiffel Tower
Q2: Between 2016 and 2025, open positions in the construction industry will increase by…?
Q3: What percentage of the construction labor force are union workers?
Q4: Why are construction companies using data and analytics?
- To improve jobsite processes and productivity
- Reduce risk and increase safety
- Bid smarter and win more work
- All of the above
Q5: By 2025, what is the projected amount that will be spent on buildings, infrastructure and installations
- $1.2 billion
- $9 trillion
- $5 million
- $14 trillion
Q6: How much can the construction industry save (in dollars) by using full-scale digitization over a ten-year time span?
- $1.2 trillion
- $7 trillion
- $15 billion
- $32 billion
We’ve Got Your Answers Below…
Q1: Did you guess number Three? If so, you are correct.
Big airports equals big bills. The Al Maktoum Airport in Dubai is a gigantic project! According to thebalancesmb.com, the massive airport is already 21 square foot miles and will become even bigger with an upcoming expansion. That expansion will cost a hefty $32 billion and will be capable of holding 120 million visitors by 2025
Q2: Number Four
According to the Bureau of Labor Statistics (BLS), open positions in the construction industry will increase by approximately 12% between 2016 and 2025. This emphasizes the importance of robust construction human resource management and applicant tracking tools.
Q3: Number Two
Two is correct! The BLS states that 14% of the construction labor force were union workers in 2017.
Q4: Number Four
You guessed it. Viewpoint conducted research that demonstrated construction organizations are using data and analytics to streamline current workflows and increase project profits.
Q5: Number Four
A whopping $14 trillion will be spent on constructing buildings and infrastructure by 2025 according to McKinsey & Company. That’s exciting news for the industry’s future.
Q6: Number One
McKinsey & Company found that within 10 years, full-scale digitization could lead to savings between $0.7-1.2 trillion. What is the reason behind the shift to digital? Reduction in paper and spreadsheet processes reduces errors and saves precious time in the long run—making construction organizations savvier than ever before.
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