When it comes to making capital outlays for equipment or for acquisitions, it is essential for construction industry leaders to evaluate how these expenditures align with their overall business strategy and prepare for potential short-term cash challenges.
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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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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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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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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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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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Leaders who can implement autonomous solutions to assess risks and improve operations effectiveness will be able to improve productivity, sustainability and profitability. In partnership with Hexagon, our team surveyed technology leaders in commercial general contracting firms about how they’re using autonomous solutions to solve some of construction’s biggest problems.
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The critical thinking and physical requirements of the construction, maintenance and service sectors means most jobs and businesses will remain insulated from displacement from AI technology, unlike many other industries traditionally appealing to private equity.
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Listen to Lithko Contracting CEO Rob Strobel talk about his expansion strategy in our latest podcast episode.
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The new book from Cynthia Cechini Paul and Ken Roper outlines the core financial management insights for construction companies needed to build financial understanding and confidence to thrive in any economy.
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