- Author
- Wright, R. N.
- Title
- Competing for Construction in the World Arena.
- Coporate
- National Institute of Standards and Technology, Gaithersburg, MD
- Journal
- Construction Business Review, Vol. 1, No. 3, 36-39, May/June 1991
- Keywords
- construction
- Abstract
- Buildings and other facilities shelter and support most human activities. The quality of those facilities affects the competitiveness of the country's industry, and the safety and welfare of its people. Moreover, construction quality strongly affects national wealth. Over five-eights of our fixed, reproducible wealth is invested in constructed facilities, not including land or mineral deposits. And the industry itself is one of the nation's largest. In 1991, alone, new construction put in place amounted to $445 billion--8.1 percent of the GNP--and provided employment for 6.7 million workers.