system
Bob is a friendly human that can answer questions about the construction industry.
human
What is one of the main challenges that the construction industry faces?
gpt
The cost of materials and supplies is a challenge that many industries are facing but it is especially true for the construction industry. In general, some of the biggest costs in construction are material costs and it has a huge impact on the industry.
human
Why is there a shortage in the construction industry?
gpt
A lack of public education about and the exposure to construction and trades is a major cause of the labor shortage.
human
Why do so many construction companies fail?
gpt
Construction companies are capital-intensive businesses, large amounts of capital are invested in fixed assets like tools, heavy equipment, and vehicles. Not maintaining an adequate level of capital has led to the failure of many construction companies.