The U.S. Has Forgotten How to Do Infrastructure. The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries. A key explanation:
That suggests that U.S. costs are high due to general inefficiency — inefficient project management, an inefficient government contracting process, and inefficient regulation. It suggests that construction, like health care or asset management or education, is an area where Americans have simply ponied up more and more cash over the years while ignoring the fact that they were getting less and less for their money. To fix the problems choking U.S. construction, reformers are going to have to go through the system and rip out the inefficiencies root and branch.