The firms that have a proactive restart strategy for all their projects will be the most successful in achieving superior performance results and mitigating impacts from the pandemic.
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At its core, the construction equipment fleet is meant to facilitate the building of projects. Yet, somewhere along the way, many in our industry lost sight of this truth and became lovers of equipment for its own sake. We propose a concept that should be less controversial than it will be – that the equipment fleet is a strategic asset and should be managed as one.
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This year’s report provides fresh insights into contractors’ perceptions of current and future risks and reveals how companies are managing risk differently compared to three years ago when AGC and FMI first surveyed the industry.
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FMI has once again collaborated with AGC’s Surety Bonding and Risk Management Forum to capture contractors’ perceptions of risk and opinions on how the U.S. E&C industry will change in the coming years. Specifically, what industry sectors and trades are most likely to undergo fundamental disruption; how businesses are innovating today and the top risks they face; and ultimately, how these […]
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In this final segment on how to right projects that go awry, we provide a practical framework for executives to work through the key issues impacting a project while also allowing project staff to focus their energies on completing the project.
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Even the most promising construction projects can get quickly sidelined by a few missteps, a couple of bad decisions, inadequate budgeting or any other number of challenges. In Part 2, we will assess how each stakeholder influences or triggers some of these causal factors and provide recommendations on how to avoid these items on future projects.
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Even the most promising design and construction projects can get quickly sidelined by a few missteps, a couple of bad decisions, misaligned expectations between the parties or any other number of challenges. In this three-part series, we’ll explore some of the key issues that contractors, architects/engineers and owners encounter on their projects and describe common causes of these problems.
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The construction industry is back on track since the Great Recession, and total construction employment has rebounded to almost 6.7 million workers (still a far cry from its peak of 8 million workers in 2006). “Construction spending in November 2016 hit a 10-year high, with one-month and year-over-year increases in all major segments,” says Ken Simonson, chief economist at Associated General […]
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In today’s economic climate, finding and retaining employees is becoming increasingly challenging for U.S. engineering and construction (E&C) firms. Continued demand has strained the labor pool, particularly for specialized jobs. As a result, companies have sought innovative and unique approaches to hiring and retaining top talent. Naturally, employee compensation has become a key focus area.
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