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Lyra Research Study on Reducing Construction Costs

Recently, Lyra Research, an industry research and analysis firm, preformed a study on the impact of color documents on construction costs. General industry estimates claim that between 10 and 30 percent of all building project costs can be
attributed to waste. Wasted time, materials, labor, etc. The findings are more surprising than you would expect. They found that “each incremental dollar invested in color printing can yield $4 in savings for a given project.” Their Design, Estimate, Bid flowchart outlines problem areas in the process. Read more about it in their PDF here.

lyra_process_graph

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