Megaprojects are at the forefront of America’s infrastructure investment resurgence, offering vast opportunities for the AEC industry to drive innovation, sustainability and socioeconomic change. By understanding the trends shaping these projects, your firm can determine how it might fit […]
The best project managers often struggle once they’re promoted to project executives (PXs). While they bring world-class project leadership skills to their jobs, project executives also need new skills in their toolkits to succeed.
Companies that are reactive rather than proactive in aligning their operations across departments often fall behind competitors, especially when faced with nontraditional entrants offering innovative products.
Employee stock ownership plans (ESOPs) offer companies a powerful opportunity to enhance key aspects of their operations, from increasing employee engagement to improving financial performance and fostering long-term growth.
Building products manufacturers focused on growth typically look to expand geographically, diversify their offerings, develop new products, invest in technology or acquire other companies to stay relevant or increase revenue. While these strategies can all improve the bottom line, they often lack a […]
Small decisions and minor wins in the beginning stages of infrastructure deployment or ahead of renovation and repowering can create heightened value later in the lifecycle (downstream), which can affect the end results across numerous infrastructure segments. This is increasing the industry’s […]
Water infrastructure is crumbling while the demand for water is increasing, and many are concerned that there may not be enough water to meet the needs of people, industry and farms in the coming years. The availability of federal funds can help, but it will take additional investment in the space […]
Discover Bob Uhler's four levels of leadership and how executives can best manage their time to maximize their outcomes.
As more market share trends toward collaborative delivery methods, sophisticated preconstruction services are becoming the foremost differentiator for general contractors and construction managers. Firms with strong preconstruction functions are positioned to win a greater share of the work and […]
While many companies look to talent development and company branding to attract and retain talent, they often overlook a powerful and underrated lever to help mitigate the problem: establishing a clear and inspiring company mission.
In part two of our series on megatrends, we discuss continued urbanization, rising income inequality, increased political polarization and further globalization.
Having a long-term strategy can help your firm chart a course for the future. To assist in this strategic focus, FMI has put together a two-part series on megatrends that will impact our industry’s future.
Employers should make efforts to establish optimal environments through assessing and improving operational and labor practices to ensure that well-regarded talent stays with the firm during a slowdown.
As prefabrication continues to evolve, building products manufacturers (BPMs) must understand how to position their firms for success. This will require adjusting their approach to effectively align with changing market dynamics. BPMs have an opportunity to separate themselves from their competition […]
The residential building products sector has long been a core area for private equity investment. Despite recent uncertainty, the sector has remained resilient in the short term and is expected to present a variety of investment opportunities in the medium and long term.
Getting smart about your go-to-market strategy, picking the right customers and positioning yourself to win will help your company gain profitable market share without overspending in the process.
Building products manufacturers and suppliers looking to capitalize on the money pouring into the sector will need to understand these new environmental, social and economic trends to adjust products and services to address shifting client demands.
Since niche original equipment manufacturers (OEMs) have been gaining market share, many are looking for capital to expand their operations into different product lines or geographies, creating opportunities for private equity investors to accelerate their growth.
Distinguishing between the hype and reality of AI’s capabilities can be difficult, given its prominence in today’s conversations. It’s time to cut through the noise and discuss how AI is truly changing the construction industry – without invoking images of autonomous humanoid robots capable […]
The number of fund vehicles with stated environmental, social or governance (ESG) or impact mandates doubled from 2016 to 2021. As more companies look for ESG investment opportunities, it’s important to partner with a firm that understands the nuances of the built environment and that can find […]
Data analytics continues to be a hot topic, and construction is no exception to this trend. As the engineering and construction (E&C) industry becomes increasingly technology-driven, companies are turning to data analytics to improve operations and gain a competitive edge.
Operationally superior companies continuously review and update their processes, and that discipline extends to post-job procedures as well. Here we talk about post-job process improvements and how you can leverage insights from one job to better your entire organization.
The generational shift from baby boomers to their successors is underway across the built environment, with 41% of the current U.S. construction workforce expected to retire by 2031. This article dives into the steps owners and executives can take now to start the ownership transfer process.
As the economy becomes more uncertain, engineering and construction firms are beginning to see more project delays and cancellations. It's not enough to have a strategy in this environment. You need to execute, integrate and constantly reassess your plans to optimize your market position. Learn how […]
Many are talking about quiet quitting. Yet, quiet quitting is not laziness, but a symptom of poor management. Discover ways to motivate your people.
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 […]
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 […]
Signs of a coming recession indicate challenges for some portions of the economy, but certain construction services segments will continue to see strong growth despite economic headwinds. This article dives into those sectors most ripe for consolidation in 2023.
The concerns around building diverse and inclusive workplaces have been a part of office conversation for the past 60 years and will continue to be for the foreseeable future. Here we provide a framework for leaders to capitalize on the increasing diversity in the industry and establish diverse […]
The future of the industry will depend on expanding opportunities for all people, something that the most successful companies are already paying attention to across their organizations. To help understand this, we interviewed Rev. Larry S. Bullock, CEO of USMCA.
For many engineering and construction (E&C) firms, the first area they turn to for improvement is the field, since it often seems to be the easiest place to work on efficiencies. Yet, operationally superior organizations know that you must implement the right practices, processes and people across […]
Skilled private equity investors can spot opportunities, but the complicated outlook for the economy and the construction industry, including building products, facilities services and related E&C industrial industries, means that it’s going to take deep industry knowledge to find the right […]
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