The study, which was conducted in the fall and winter of 2017, sheds light on the current state of offsite construction in the U.S., explores owner organizations’ perceptions around benefits and impediments to offsite construction and associated organizational implications, and highlights industry success stories.
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Findings from this year’s talent development study paint a mixed picture of how construction firms are addressing people development. Leading firms, however, recognize the need for a systematic and strategic approach and are investing in the necessary people and resources to set up long-term talent management programs.
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For more than a decade, FMI has been surveying the construction industry to gain deep insight into current ownership transfer trends. In this year’s study, we also explored questions around leadership succession to assess how companies are identifying and developing their next-generation leaders.
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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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FMI often hears stories about innovations and positive disruptions occurring in and around the engineering and construction industry. These new ideas are often associated with project-related processes, systems or technologies. And while some ideas and technologies stick, many others seem to fail.
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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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This year FMI started what we hope becomes an annual survey of large E&C firms to assess their appetite for acquisitions in the next year. Based on our survey, it appears that in addition to the number of sellers looking to transition ownership, many large firms view acquisitions as a key component to their current growth strategy.
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Almost every component of the NRCI Index moved in a positive direction in the first quarter. This result for the beginning of 2017 is welcome, as many have been expecting a slower economy. Slow growth or not, panelists indicate that finding enough talented people to do the work and somehow improving productivity are among their chief concerns this year.
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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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