Open AccessLabor Productivity Inconsistency among Project Sites
Author(s) -
Paresh K. Patel,
V. M. Patel
Publication year - 2020
Publication title -
international journal of engineering and advanced technology
Language(s) - English
Resource type - Journals
ISSN - 2249-8958
DOI - 10.35940/ijeat.c5501.029320
Subject(s) - productivity , real estate , profit margin , business , christian ministry , construction industry , multifactor productivity , profit (economics) , total factor productivity , industrial organization , labour economics , economics , engineering , economic growth , finance , construction engineering , microeconomics , philosophy , theology
As per ministry of statistics and programmeimplementation (2018-2019), construction industry is contributing 7.81 % share in GDP of India. There is an estimated need of around 75 million workers in the building, construction and real estate sector by 2022 (KPMG, 2019).The construction industry has been essential part in the developed and developing countries(Durdyev et al. 2012). The Construction industry in India is expected to grow at 5.6% during 2016-20(Invest India, 2019). Construction is a labor-intensive industry(Chalise 2015). Construction industry is totally dependent on labor and equipment, so increasing labor productivity by using scientific methods is the need of today’s highly growing world. Productivity is usually well-defined as the ratio of outputs to inputs. Laborand equipment productivity are some of the highly influencing factors that affect the physical growth of eachconstruction project.Therefore, to increase the profit margin of construction industry,labor productivity is key factor. This paper presents the bottom-up approach for study of laborproductivity.