Presentation Title: Is the Construction Industry Ripe for Disruption? (links to pdf)
Date and Time: Thursday, May 10, 2018 at 8:45 am
Abstract: Productivity in the construction industry has increased at an average of only 1 percent a year over the past two decades, far below all other manufacturing industries. Labor is in very short supply and prices are inflating at a pace in excess of Consumer Price Index. Both Wall Street and technology companies are starting to take interest in our industry. All signs point to the construction industry being ripe for disruption. In this presentation, Mike Schlegel, president of Bozzuto Construction Company, will discuss what disruption could look like and explore what we can do as an industry about it.
Biography: As President of Bozzuto Construction Company, Mike Schlegel leads the strategic direction of the organization. Since joining the company in 1999, Mike has overseen the construction of more than 25,000 dwelling units, over one million square feet of retail, as well as public and private infrastructure projects, with an aggregate contract value exceeding $3 billion. He has also successfully expanded (and continues to expand) Bozzuto Construction’s operations to include more product markets and geographic locations in and around the Mid-Atlantic region.
Prior to joining Bozzuto Construction Company, Mike was a Vice President with Clark Builders Group, where he was integrally involved with the company’s startup and growth. Currently, Mike is Chairman of the Board of Montgomery Housing Partnership. He also serves on the Board of Directors for the Housing Association of Non-Profit Developers, the Maryland Center for Construction Education and Innovation, and the Virginia Tech Myers-Lawson School of Construction. Mike holds a Bachelor of Science Degree in Building Construction from Virginia Tech. He lives in Bethesda, Maryland with his wife and two children, and is an avid skier, sailor and mountain biker.