Construction spending growth is slowing, and there’s a lot of turbulence going on in the general economy. We think the engineering and construction (E&C) industry is at or near the top of the cycle. Knowing this, it’s time for E&C firms to start thinking about how to operate their businesses profitably when (not if) the recession hits.
Position your business for long-term success by fine-tuning your company’s operations, risk management, people and rewards practices.
Recessions can create opportunities for construction companies to weather economic headwinds, allowing them to catapult past the competition and emerge even stronger.
Using business analytics to create a data-driven culture that helps E&C companies fine-tune their business strategies and continually improve their operations.
Now is the time to select strategic partners and understand what your clients really want in a design-build project.
The best boards are helping companies devise good plans of action for the future. Is yours on target?
Because the time to fix a leaking roof is when the sun is shining, multifamily contractors should be shoring up their cash reserves and diversifying now rather than later.
The pros and cons of bringing the project design function in-house.
How to get the most out of your business strategy—even when the future is unclear.
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