Megaprojects: How Great Leaders Can Be the Difference Between Success and Failure
Discover what differentiates a great leader of a large project from an average one and how your organization can help people develop critical competencies.
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FMI Quarterly
Preconstruction: The Foundation in Operational Excellence
To be operationally superior, E&C firms need to develop and implement preconstruction processes that will create a defined game plan before people show up to a job site. Being organized helps retain talent, win business, improve productivity and increase profits.
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Industry Trends Shaping E&C Ownership Transitions
Handing over an organization’s reins to the next generation and transitioning ownership are never easy processes. For optimal results, the ownership transfer and management succession (OTMS) approach starts with identifying, selecting and developing key associates; ensuring that leadership roles are occupied by skilled, engaged individuals; and then cultivating them for success in their new […]
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Employee Stock Ownership Plans: An Effective Recruiting and Retention Strategy
The built environment offers tangible payoffs for those who do the work: world-class projects and feats of engineering. Success within the space is tied to a sense of shared ownership with employees feeling they have buy-in and a say in the decision-making process. ESOPs are a great means to an end, because there is a profound shared goal at work on both ends of the employer-employee equation: to […]
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Engineering and Construction Compensation: What Executives Need to Know
Companies need to pay attention to broader economic trends and other data issues when determining pay in today’s highly competitive environment.
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Don’t Risk Poor Cash Management Due to Lack of Strategy
Regardless of market conditions, having the right level of liquidity is a crucial aspect of successful risk management for contractors.
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Compounding Competitive Advantage: The Integration of Strategy, Project Selection and Execution Framework
Being selective about what projects you take is becoming a business imperative in today’s market. Engineering and construction firms need to have superior execution that aligns with clear strategies to increase their competitive advantages.
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Why Contractors Need to Understand Embodied Carbon
Carbon accounting isn’t required on all projects yet, but there are major incentives for early adopters.
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Anything But Typical: Managing Subcontractor Default Risk in Today’s Environment
As the pandemic continues to disrupt supply chains and cause inflationary pressure on the engineering and construction industry, we talk to four large subcontractor default insurance carriers about the events of the last two years, key trends and what’s next in 2022.
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Planning Compensation in a Dynamic E&C Environment
By carefully evaluating jobs and employees, E&C companies are better positioned to meet operational needs and address talent requirements among a workforce that can afford to be demanding.
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