Monthly Archives: October 2013
Posted on October 29, 2013 by FMI CorporationPartnering for Profitability: FMI’s Best Partnered Projects from the Last 20 Years By Bill Spragins Since the design and construction industry embraced the partnering concept almost 25 years ago, the partnering focus has evolved. While partnering certainly helped enhance collaboration among all stakeholders in the 1990s, the emphasis in the last decade has been more toward high performing teams that are taking on much larger projects involving even more complex schedules, tighter budgets and evolving technical challenges. The growth in use of collaborative tools, such as BIM and Lean principles, along with increased use of colocation of the parties, has further fueled the metamorphosis of partnering. During this period, FMI has had the opportunity to work with more than 1,000 projects across a number of industry sectors. While there were many fine projects along the way, and we risk not mentioning some that may warrant attention, the following are projects that stand out and represent a mix of those from the early days of partnering to more recent applications.
Posted on October 16, 2013 by FMI CorporationIf You Want World Class Operations, Focus on the Foreman By Ethan Cowles What sets world-class contractors apart from average and struggling contractors? World-class contractors all have incredible talent at the foreman level. That is not to say company leadership, business strategy, project management, etc. is not important, but operations without great foremen always struggle to achieve anything but mediocrity. With this in mind, there are nine universal truths that foremen and their companies need to remember.
This post was posted in Consulting, Talent Development and was tagged with A/E/C blog, FMI Corporation, Talent development construction industry, construction foremen knowledge, construction foremen best practices, FMI prefabrication modularization survey 2013
Posted on October 11, 2013 by FMI CorporationTenets of Transfer By Tim Sznewajs
This post was posted in Investment Banking and was tagged with A/E/C blog, FMI Corporation, internal business transfers, internal company sales, construction company transfers, construction foremen skills
Posted on October 4, 2013 by FMI CorporationSix Steps to Successful Management Succession By Jake Appelman When leadership transitions from one generation to the next, the resulting transfer of power, influence and wealth can bring a turbulent combination of fear, anxiety, anticipation and hope. This has been true since ancient times. When Alexander the Great fell ill at 33 years old after conquering the known world from Europe to Asia, he had no successor. On his deathbed he famously declared, "The strongest” would inherit his title. His final words were, "I foresee a great funeral contest over me." His prophecy came true and the resulting “funeral games,” where his marshals battled ruthlessly over control of his empire, lasted for nearly 40 years.