Earlier this year, FMI and Construction Financial Management Association (CFMA) partnered together to survey construction owners and executives on their ownership transfer and management succession plans. The results presented are based on almost 300 responses.
Read MoreCompanies that are reactive rather than proactive in aligning their operations across departments often fall behind competitors, especially when faced with nontraditional entrants offering innovative products.
Read MoreFounded in 1994, John G. Walton Construction Company is a leading asphalt producer and paving and heavy civil contractor operating in the greater Mobile, Alabama market.
Read MorePreconstruction 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.
Read MoreOperating in Tooele, Utah, Geofortis is known for its innovative processing and sale of natural pozzolan products, which help to lower the carbon of cement and improve the performance of concrete.
Read MoreHeadquartered in Alviso, California, Bear Electrical Solutions is the market leading provider of construction and maintenance services for traffic, street and parking signals in California.
Read MoreWarehouse 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 third quarter 2024 CIRT Sentiment Index declined, indicating respondents are less optimistic about future opportunities. The overall index score fell to 62.6 from 67.0 in the prior quarter. The third quarter Design Index also retreated, dropping to 66.3 from 71.1.
Read MoreThe 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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