Monthly Archives: March 2011
Posted on March 21, 2011 by FMI CorporationCrawling Out of the Recession By Lee Smither Welcome to 2011! It seems that things are finally looking up for our industry. FMI has spent 50 years studying the cycles of this industry and it is gratifying to see some good news. To learn more about what is happening and how it affects your business, I have three items that I would encourage you to review.
Posted on March 7, 2011 by FMI CorporationArchitects and Engineers Prepare for the Future By Michael Landry Architects and engineers have faced strong headwinds in the past two years. Most of my clients – large and small – have faced lower revenues, intense competition, downward pricing pressure and margin compression. Many of you have responded to these market forces by reducing the size of your organizations and focusing on cash flow. It is difficult in this environment to focus on the future when the present is so difficult. Yet we all need to focus on the future. My recent discussions with CEOs and others in the industry indicate that the worst of this recession may be behind us. Project backlogs are stabilizing. Margins are ticking up slightly in some areas. Bidding opportunities have increased. These are good signs, and make my clients more optimistic about 2011 and 2012.