Construction companies say digital technology key to addressing labour shortages - BNN Bloomberg

Nine in 10 Canadian construction companies say they are dealing with a shortage of skilled labour or trades — and it's affecting their ability to bid on projects and meet deadlines amid unprecedented demand.

"Technology is not something that they historically had a lot of time for in my experience and to see this recalibration was a real eye-opener for us, and it's a welcome eye opener." Around 46 per cent of companies said they plan to spend more than 11 per cent of their corporate operating budget on tech and digital transformation, while one-third anticipate spending six to 10 per cent.

"This is why CCA continues to work with federal departments in an effort to modernize procurement processes that encourage innovation by supporting shared risk."

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Canadian construction companies say digital technology key to addressing labour shortagesA survey by KPMG in Canada found that nine in 10 construction companies say they may need to consider alternatives when dealing with a shortage of skilled labour or trades
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