When it comes to planning, it is easy for construction leaders to focus on a few areas of their companies’ operations. Companies instead need to holistically understand the context of the business landscape in which they operate.
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Preconstruction and operations teams are constantly seeking ways to enhance project outcomes for clients and drive operational excellence for internal efficiency. One powerful approach gaining traction is target value delivery (TVD), which focuses on delivering maximum value to clients by integrating target value design, lean construction and operational efficiencies from the project's inception.
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Warehouse and logistics, a subset of commercial construction, remains one of the fastest growing segments over the past decade. Though FMI anticipates challenges over the next few years, long-term demand for warehouse space will likely rise, with annual warehouse construction nearing three-fifths of all commercial construction investment by 2028.
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The U.S. Supreme Court's ruling in Connelly vs. United States requires that corporate-owned life insurance proceeds used for share redemptions upon a shareholder’s death be included in estate tax calculations, raising estate taxes and reducing heirs' proceeds. This decision impacts many businesses within the built environment, requiring companies to reassess their succession planning and […]
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Project fees can be one of the early battlegrounds of a changing marketplace, particularly for engineering design firms. Discover three tips for improving project fees.
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World-class construction firms also recognize that the continuity of their companies depends on field supervisors, superintendents and project managers just as much as executives. It is imperative to put the organizational emphasis on individuals who are out in the field every day planning projects, setting goals, ensuring safety protocols are followed, training up-and-comers, boosting morale, […]
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But it’s not enough to simply grow. You need to expand prefabrication based on a sound strategy and clear operational playbook to ensure you get the most out of your efforts.
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FMI sat down with Ron Sparks, CEO at Environmental Containment Corporation, to discuss prefabrication and precast products and how they are reshaping the water and wastewater industry.
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Project managers sit at the nexus of your construction company. Be sure they have the training and skills necessary to drive the best possible outcomes for all your projects.
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Understanding the trends driving the sector and the broader economy will help your civil infrastructure firm create a strategy that will drive long-term success.
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