FMI Study with AGC: Managing Risk in the Digital Age
After emerging from the Great Recession and spending several years in “rebuilding” mode, the engineering and construction (E&C) industry has become one of the best-performing sectors in the U.S. economy. With plenty of business opportunities, large backlogs and a dwindling workforce, the industry is now facing a complex mix of challenges and opportunities.
Throughout North America, the demand for all types of infrastructure investment is both strong and pervasive. Broadly speaking and looking across the breadth of the built environment as a whole, and based on industry backlogs that are (on average) booked through the remainder of 2018, the next six to 12 months should be as good as—or even better than—2017.
It is within this current environment that AGC’s Surety Bonding and Risk Management Forum—in collaboration with FMI—surveyed 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 industry trends will impact E&C risk management in the future.
