The construction industry is one of the largest drivers of economic growth, contributing over USD 13 trillion globally by 2030. Yet, despite its scale, it continues to face critical challenges: productivity shortfalls, frequent cost overruns, and project delays. Studies indicate that large construction projects often take 20% longer than scheduled and run up to 80% over budget.
In a landscape where margins are tight and stakeholder expectations are rising, the ability to benchmark productivity against global best practices is essential. Benchmarking not only highlights gaps in efficiency but also provides actionable intelligence to help companies deliver projects faster, at lower cost, and with greater sustainability.
This is where Nexdigm’s Construction Competitive Intelligence plays a transformative role, enabling organizations to identify performance gaps, adopt global best practices, and build long-term efficiency in projects worldwide.
Nexdigm’s Construction Competitive Intelligence Approach
At Nexdigm, we recognize that construction productivity challenges cannot be solved by generic benchmarking alone. Our Construction Competitive Intelligence (CI) approach integrates global data, sector-specific insights, and competitor analysis to deliver intelligence that drives real efficiency improvements.
Key Elements of Our Approach
- Workforce Productivity Benchmarking: Evaluating labor efficiency across geographies by analyzing metrics such as output per worker, labor utilization rates, and man-hour efficiency.
- Supply Chain & Material Efficiency Analysis: Comparing procurement practices, logistics models, and material cost variances against leading construction markets to optimize sourcing and reduce delays.
- Technology & Digital Adoption Mapping: Assessing competitor adoption of BIM (Building Information Modelling), drones, IoT, AI-driven project monitoring, and automation tools to highlight areas for digital transformation.
- Safety & Compliance Standards: Benchmarking global safety practices and regulatory compliance levels to ensure risk reduction and higher stakeholder confidence.
- Cost & Time Performance Evaluation: Mapping project timelines, rework levels, and cost-to-completion ratios against global benchmarks to uncover operational inefficiencies.
By embedding competitive intelligence into benchmarking, Nexdigm enables construction firms, EPC contractors, and project owners to transform data into actionable strategies that directly impact cost savings, productivity gains, and sustainable growth.
How Benchmarking Drives Efficiency in Global Projects
Construction projects across the world often face similar challenges—delays, cost escalations, resource inefficiencies, and compliance risks. Benchmarking powered by competitive intelligence helps organizations go beyond identifying problems; it provides a roadmap for achieving global best-in-class performance.
Key Ways Benchmarking Drives Efficiency
- Improved Resource Utilization: By comparing labor productivity, equipment usage, and workforce allocation with global peers, companies can optimize manpower and reduce idle time.
- Reduced Cost Overruns: Benchmarking reveals where competitors achieve better cost efficiencies, whether in procurement, logistics, or material usage, helping firms control budgets and minimize wastage.
- Faster Project Delivery: Productivity benchmarks highlight best practices in project planning, scheduling, and execution, enabling firms to shorten delivery timelines without compromising quality.
- Enhanced Stakeholder Confidence: Transparent benchmarking metrics reassure investors, regulators, and clients that projects are being managed efficiently and in line with global standards.
- Sustainability & ESG Alignment: Benchmarking energy consumption, waste reduction, and carbon footprint against industry leaders supports compliance and builds reputation in an era of sustainability-focused construction.
In global projects where margins are slim and expectations are high, benchmarking acts as a strategic lever for efficiency, resilience, and long-term competitiveness.
Discover how Nexdigm’s Construction Competitive Intelligence can help your organization optimize productivity, drive efficiency, and deliver sustainable success in global projects.
To take the next step, simply visit our Request a Consultation page and share your requirements with us.
Harsh Mittal
+91 96549 82241