While the tariff situation remains fluid, contractors that take proactive steps will be best positioned to weather the storm. The current challenges, if managed wisely, may present opportunities for firms that can innovate and lead in cost-efficient construction practices.
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This is the final post in our series about diversification. In our first post, we talked about understanding the critical elements of diversification, the drivers behind it and why conducting a strategy audit is essential. After this initial overview, the first step is understanding if you’re even ready to begin the process of diversifying, which we explored in our second post. Before…
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Before entering new markets and segments, it’s crucial to understand where your business stands today. Auditing your current strategy is critical to evaluating your readiness and identifying areas for improvement.
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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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Firms that pursue clients instead of chasing projects have a higher rate of successfully winning work. Developing the understanding of the owners’ mindsets, goals and important criteria enables firms to address needs instead of simply checking off parts of the proposal request. Effective positioning and training your teams to convey your messages will help you consistently capture new work.
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To win business through alternative procurement methods, heavy civil contractors need to differentiate themselves by building trusted client relationships.
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The current state of the U.S. economy is presenting a murky outlook for engineering and construction firms. In this article, our team talks about some of the top metrics they're watching for indications that things will improve or the economy will decline.
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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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