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Asset 21

FMI Blog

past posts

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Five Reasons Why Millennials Are Great For The Construction Industry

Much has been written about millennials and how they...

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The Big Shift in Construction: Moving from Talent Training to People E...

The fact that most construction firms are...

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Getting Paid: How to Avoid Cash Flow Issues in Today’s Business Envi...

Any principal of a construction firm will...

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Four Ways to Engage Your Employees to Build Loyal Clients

Today’s business environment is very different from six years ago when the pace of economic...

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Navigating a Clear Path to Successful Ownership Transfer

While there are no cookie-cutter solutions for ownership transfer, there are some viable strategies to...

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Creating the Discipline of Execution

In their book “Execution, the Discipline of Getting Things Done,” authors Larry Bossidy and...

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5 Reasons Why Feedback is Crucial in the Workplace

In today’s team-based, fast-paced work environments, the ability to communicate effectively over several channels and...

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Eight Characteristics of Agile Leaders

The race to cultivate and transition leaders into executive positions is on. Is your...

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Five Ways to Get Your Compensation Systems in Order

Is it easy in your market to recruit and retain top estimators, project managers and...

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8 Ways Construction Firms Can Plan More Strategically For The Future

For many firms, financial regulators, and homeowners, the most...

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Building Your Digital DNA: Five Key Steps

Today’s new technologies allow industry professionals to link up and share project knowledge across integrated...

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Your Hotline: Building a Better Reporting Mechanism

A strong corporate culture and open lines of communication go a long way when it...

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Three Key Ingredients of an Accurate Cost-to-Complete Estimate

Trade contractors live and die by their ability to...

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Six Things You Need to Know About Public-Private Partnerships

Through in-depth interviews with more than a dozen public-private...

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Six Global Trade Strategies for Today’s Engineering and Construction...

A relatively new concept for many U.S....

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7 Ethics Best Practices for Construction Firms

Driven in part by regulatory pressure, ethics programs are gaining prominence within firms whose leadership...

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The Data Sprint: Construction Can Catch Up!

It’s all around us. Doctors are looking at patterns of effective care; retailers are watching...

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Is Your CEO Culturally Intelligent?

Whether they are large public businesses or small, family-owned startups, successful construction companies have...

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Must-Have Skills for Today’s Leading CEOs

When companies go looking for a new CEO, they either turn to professional search firms...

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Your Next-Generation Leaders: Are They Ready?

Many construction leaders assume that leader development and succession issues have blown over since the...

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Full Speed Ahead for 2016

With the Federal Reserve Board raising fund rates, fuel at historic lows, and consumer...

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Construction Materials

Small, strategic, bolt-on acquisition and corporate divestitures dominated M&A activity in 2014 in the...

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America's Energy Transformation: Petrochemical Manufacturing's 21st Ce...

Based on exciting trends for the petrochemical...

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Adapting to the “New Normal” in Oil and Gas Construction

How the Market Will Endure Growing Regulatory, Labor and...

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Is Copy-and-Paste Compliance Enough?

An issue that is becoming an ever-increasing challenge in the oil and gas industry...

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Developing Your Personal Social Media Strategy

The Internet has given individuals the power to create their own personal brand. We now...

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Why Strategy Matters in the Oil and Gas Industry

What separates great companies that can consistently achieve high performance over a long period of...

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Six Steps to Successful Management Succession

When leadership transitions from one generation to the next, the resulting transfer of power, influence...

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The Truth About What It's Like Being a Millennial in the Workplace

Millennials have once again been trending in the news,...

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Three Reasons to Embrace an Offensive and Defensive Risk Management St...

Construction projects are always unique and carry...

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Nonresidential Construction Index Dips in Q3

The great man of letters and champion of reason, Voltaire might have been talking about...

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What I Wish Someone Told Me When I Was 25: a Note From Cynthia Paul

For those of you that do not know Cynthia...

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Will Falling World LNG Prices Slow Down the U.S. LNG Boom?

The advent of horizontal drilling and hydraulic fracturing in the United States has fundamentally changed...

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We Didn't See It Coming: Strategy and Scenario Planning

We all have experienced problems in the workplace where a quick decision needs to be...

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Have Oil & Gas Infrastructure Valuations Peaked?

With more than 330 billion in capital expenditures to be conducted over the next four...

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Great Construction Operations: Bridging the Silos

Done correctly, effective business leaders know that sustainable operational excellence in construction can create a...

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Nonresidential Construction Index Fourth Quarter 2013 Highlights

After hitting its highest marks in the last two...

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FMI’s 2013 Prefabrication and Modularization in Construction Survey

According to FMI’s 2013 Prefabrication and Modularization in Construction Survey, only 40% of all...

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Partnering for Profitability

Since the design and construction industry embraced the partnering concept almost 25 years ago,...

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If You Want World Class Operations, Focus on the Foreman

What sets world-class contractors apart from average and struggling contractors? World-class contractors all have incredible...

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Tenets of Transfer

FMI’s Investment Banking Group has assisted thousands of contractors in planning and executing the...

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Construction Estimating Software UserView, 2013

Software Advice, a company that helps people find the right software for their companies, recently...

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The Basics of Cost-to-Complete Forecasting

For the first eight months, the project manager had been telling them that it was...

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Nonresidential Construction Index Third Quarter 2013 Highlights

The NRCI Index for Q3 of 2013 = 60.3....

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The 25th Annual State-of-the-Industry Report

FMI recently released The 25th Annual State-of-the-Industry Report, which covers design and construction markets for...

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FMI’s Second Quarter Construction Outlook, 2013

The improvement in residential construction is the primary area of growth in our latest forecast....

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Help Software Advice Evaluate the Effectiveness of Estimating Software

I was asked by Derek Singleton, managing...

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NRCI Second Quarter 2013 Highlights

“I think I can. I think I can,” said the Little Engine that Could....

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Adding Science to the Art of Leader Selection

When the time comes to select a new leader, difficult questions arise, such as whether...

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Assess Your Leadership Pipeline

Succession planning is a continuous and systematic process that should be tied to the...

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From the World of Sports to the Business World: Leveraging Strengths t...

What do Michael Jordan, Bart Starr and...

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Beyond Vertical Integration: The Re-engineering of the Design and Cons...

FMI is proud to present its latest...

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NRCI First Quarter 2013 Highlights

The NRCI index score of 58.1 for the first quarter of 2013 matches the...

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Twelve Essential Roles for CFOs

The economy is driving all contractors toward highly sophisticated financial management to survive the...

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NRCI Fourth Quarter 2012 Highlights

Jobs, projects and project funding — that has been the focus of the construction...

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The Future of the A/E/C Industry

On October 29, 2009, FMI hosted a one-day workshop in Chicago, attended by more...

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What’s Ahead for the Construction Industry?

FMI recently was honored with a surprise guest speaker at its monthly staff meeting in...

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Doing What You Promised, On Time

So many people are urging contractors to refrain from defaulting to the tag line...

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Money Builder: Developing a World Championship Team (Statistically Spe...

In 2002 the Oakland Athletics were confronted...

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FMI’s Second Quarter NRCI, 2012

The NRCI index moved up slightly to 59.8, our highest score since its inception....

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Create a Culture of Wellness

Health and wellness is a hot topic for many companies that are trying to...

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Cloud Computing – It’s Here to Stay

Every now and then, we will be having guest bloggers to contribute to our...

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How is Your Company Using Social Media?

What is social media? It is a collection of online media, such as Facebook,...

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Trade Association Educational Opportunities

If you are involved in the construction industry, chances are you are a member of...

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