As the construction industry continues to evolve, more contractors are exploring the opportunity to take on traveling work, or jobs that require them to send crews to new markets. Whether expanding into new regions, meeting specific project demands or building a national presence, traveling work offers both significant opportunities and risks. While it can increase revenue, it also requires…
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Strong infrastructure funding and pricing discipline are keeping the construction materials sector steady despite softer volumes and economic uncertainty. The IIJA remains a key demand driver, and firms are adapting through smarter contracts and local sourcing.
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Make sure employees feel fairly valued, have strong relationships in the company and believe they are a part of the future to eliminate turnover and the need to hire returning workers.
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Compared to earlier quarters, the risks facing the Canadian economy are becoming more pronounced. FMI’s upcoming third quarter outlook for 2025 will reflect these mounting pressures and the growing uncertainty surrounding the Canadian construction industry.
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The biggest impacts of supply chain disruption will be felt in the field. And the field is where best-in-class contractors play and win.
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The new risk environment requires contractors to thoroughly plan their work, start planning sooner and increase the level of communication and collaboration of project teams.
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Contracts can and should be a tool that help all parties understand and equitably split the risk of construction projects in the face of heightened uncertainty.
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Find project opportunities and margins in periods of uncertainty.
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The full risk of material price escalation and potential equipment delays should not be borne by your company.
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Recent tariffs are disrupting supply chains across the construction industry. Here's how contractors can start managing through the disruption.
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