CIRT Sentiment Index scores were down slightly for the fourth quarter but remain mostly in line with last quarter’s results. The overall index score fell to 51.0 from 51.4, and the Design Index fell to 57.1 from 59.4. This report represents the fifth consecutive quarterly decline from third quarter 2021 highs.
Who We Are
FMI is a leading consulting and investment banking firm dedicated to serving companies working within the built environment. Our professionals are industry insiders who understand your operating environment, challenges and opportunities. FMI’s sector expertise and broad range of solutions help our clients discover value drivers, build resilient teams, streamline operations, grow with confidence and sell with optimal results.View More
Our experienced consultants leverage decades of industry-specific expertise and proprietary insights to improve your company. We advise in areas such as strategy, leadership and organizational development, technology, compensation and operational performance. And because we have decades of industry-specific experience, we know what drives long-term success and how to help you achieve it.Learn More
Our fully dedicated and experienced investment banking teams advise clients across sectors of the built environment on sell-side and buy-side transactions, private capital placements and other financial services. We maximize outcomes through our extensive market knowledge, strong technical expertise and network of deep industry relationships. Let us help you chart your future.Learn More
The 2022 fourth quarter Heavy Civil Construction Index rose to 50.8 from 48.4 and returned to expansionary territory. Expectations for the overall U.S. economy and local economies where respondents conduct business improved, but remain mostly pessimistic. This quarter current issues focused on backlog sensitivity, project start delays and alternative procurement opportunities.
Companies that make efforts to diversify their workforces and recruit employees from various backgrounds will be better able to compete in a continuously evolving market. As the labor shortage continues to be a problem across roles in construction, think about how you can create an environment that encourages more women to enter the field.
Operationally superior organizations are constantly evolving and adapting to changing conditions with clear goals and ways to measure progress. The easiest place to start on continuous process improvement is developing a playbook or standard set of practices. Once those have been implemented for a period of time, review and assess if they’re working.
“FMI has meaningfully moved the needle in every aspect of our business. I find the FMI consultants to be available, helpful and ready to engage with us as we need them to be. They do an excellent job of addressing the needs of our organization and not necessarily driving their own needs.”
"From start to finish, our FMI team guided us thoughtfully and expertly through the process. Their experience and knowledge of the industry together with specifics about our business helped us create a managed game plan, even during the pandemic. Their strong advocacy and patient, comprehensive support throughout the diligence and negotiation process helped us find the right solution for our business and our people."
“Every consultant we’ve worked with is someone we’ve considered to be one of the top experts in that field. They are very skilled, capable, insightful and have discipline to diagnose and then prescribe, and good follow-up in terms of the implementation. They have a very thorough set of services, from the initial meeting all the way through to implementation and outcomes.”