By identifying high-potential team members and developing them to take on their next roles, companies can build a consistent culture of leadership and sustain that through the succession process. These development efforts, paired with open dialogue early in the succession process, ensure E&C firms realize the benefits of quality succession planning.
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The Infrastructure Investment and Jobs Act (IIJA) is expected to fund $1.2 trillion dollars in engineering and construction activity over the next eight years. While exciting, companies will see opportunities as well as challenges when it comes to putting the money to work. Here we look at some of the details of the funding.
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We’re seeing lackluster, albeit mixed, nonresidential building construction spending growth in 2021 while prices are climbing at a breakneck pace. Implications suggest a steep decline in real construction activity, likely masked by higher-priced contracts. However, unemployment is low and companies are seemingly in a frenzy to hire, creating some confusion about where the industry will be in the […]
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The topic of conversation across many industries continues to revolve around employees and how to retain your workers. For many companies, the initial reaction is to raise pay, something that employees are also requesting as the competition for labor remains high, inflation hits 6% and heath care costs continue to soar. Given these pressures many firms, especially those in highly competitive or […]
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With inflation hitting a 30-year high in October, a 6.2% annual increase, concerns about the rising costs of materials, labor, consumer goods and other inputs are quickly becoming top of mind for most executives.
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Recently FMI partnered with Autodesk to survey more than 3,900 industry leaders on how engineering and construction (E&C) companies can gain a competitive advantage by adopting a data strategy.
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FMI’s new analysis of the design-build market forecast for the next fives years shows that this delivery method will continue to grow, despite challenges from the COVID-19 pandemic.
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While much of the talk this week still centers around the pending infrastructure bill and what Congress will pass (if anything), FMI’s team is also paying attention to several factors disrupting the demand for real estate.
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Working in the built environment often means juggling various bits of information and trying to make the most informed choices. Weighing how broader economic and political trends will affect your business can be a challenge and can feel daunting.
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Do you have a leading operations program? No matter how profitable your company, you can always improve your operations to make sure you’re ready for good times and downturns. In this article, FMI’s Gregg Schoppman details some of the reasons why you need to pay attention to your operations now.
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