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Asset 21

FMI Quarterly

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Message From the CEO

Welcome to the first 2019 edition of the “FMI Quarterly.” Coming off several years...

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Creating a Dynamic Strategy Through Business Analytics

Using business analytics to create a data-driven culture that helps E&C companies fine-tune their business...

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10 Ways to Build Resilience and Turn Adversity Into Opportunity

Recessions can create opportunities for construction companies to weather...

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The Multifamily Boom: How Much Longer Can It Go On?

Because the time to fix a leaking roof is when the sun is shining, multifamily...

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How to Leverage Your Board Ahead of Turbulent Times

The best boards are helping companies devise good plans of action for the future. Is...

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How to Focus on Performance in Any Market Conditions

Position your business for long-term success by fine-tuning your company’s operations, risk management, people and...

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What’s Your Strategy When Times Get Tough?

How to get the most out of your business strategy—even when the future is unclear....

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Design-Build: Knowing What Your Clients Want

Now is the time to select strategic partners and understand what your clients really want...

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The Rise of In-House Design

The pros and cons of bringing the project design function in-house. Memorable Quotes from...

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Leading as Partners: An Innovative Succession Trend

How E&C firms are using shared leadership strategies to transfer their businesses to the next...

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Teams at the Top: Tackling the Innovation Challenge

How to develop an engineering and construction organization that values, cultivates and fully leverages innovation...

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Untapped Potential: Closing the Training Gap for Corporate Boards

E&C companies largely fail to invest in ongoing education...

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Three Lines of Defense: Holding Leadership Accountable for Managing Ri...

Fully embracing the “Three Lines of Defense”...

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How to Drive Productivity Through Lasting Field Leadership Development

Success in business today comes down to...

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Five Critical Pitfalls to Avoid When Developing Your High Potentials

How to get the most value out of your...

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In the Path of a Natural Disaster: Lessons Learned for Construction Wo...

Hurricanes and wildfires in North America have...

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A Case for the “Last 10%” Being the Hardest 30%

The phase between substantial completion and final acceptance can be one of the hardest bridges...

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Leveraging Canada’s Active P3 Market

A viable means to repair and upgrade infrastructure, particularly in a strained economy where...

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JV Driver: Building a Strong Leadership Legacy Through Tough Times

Here’s why organizations that invest in their future leaders...

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It’s a New Day, Canada

Technology connects us, informs us, entertains us and changes the way we think, but...

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Leadership Fundamentals for Any Market Conditions

A look at how strategic, deliberate talent development can make a significant difference in an...

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Managing Risk in the Face of Industry Disruption

How smart E&C companies must get ahead of disruption by finding ways to adapt and...

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Technology and Operational Excellence: Catalyst or Obstacle?

How to select a technology solution that aligns with...

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The Solar Operations and Maintenance Opportunity: Now and Beyond

How the rise of solar photovoltaics (PV) is creating...

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Addressing the Workforce Gaps and Related Risks for the E&C Industry

Assessing the role of emerging technologies in easing workforce...

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Eight Factors That Will Increase Your Board’s Innovative Aptitude

A highly effective board can help drive innovation and...

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Five Steps to an Innovative Compensation Strategy

How to develop a pay philosophy to guide your compensation strategy. Memorable Quotes From The...

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Moving from Offsite Construction to Smarter Project Execution

It’s time to rethink offsite construction and align it...

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Using Subcontractor Prequalification to Help Mitigate Risk and Increas...

The rebounding construction market demands even greater...

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Four Steps to a Winning Divestment Strategy

In a business environment where 83% of E&C firms are interested in acquisitions, it pays...

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Third-Party Sale or Internal Buyout? How to Make the Best Choice for ...

Key considerations that come into play when...

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Navigating a Clear Path to Successful Ownership and Management Transit...

While there are no cookie-cutter solutions for...

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The Big Transition: Ownership Transfer and Management Succession

Much has been written about the aging baby-boom segment...

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From Fearless to Feeless: The Changing Value Proposition in the Constr...

Why some construction managers may decide to...

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Prefabrication: The Changing Face of Engineering and Construction

For decades, industry stakeholders have lamented the inefficiencies and...

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Innovation and Transformation: Paving the Way to Tomorrow

Advances in technology and innovation in the engineering and construction industry have been historically slow...

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Organizational Agility: Creating Enduring Results by Overcoming the Cy...

Five critical factors driving agility in today’s...

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Using Fleet Technology to Reduce Accidents and Liabilities in Construc...

With the construction industry growing at a...

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Leading in Uncertain Times: Adapt to Win

This edition of the “Quarterly” focuses on helping leaders and organizations understand what it takes...

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Keep Score to Reduce Risk

How to improve risk management by creating a corporate culture that’s focused on knowledge...

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A Blueprint for Risk Management in Construction

Nine elements that should be included in every construction firm’s formal risk management strategy Construction...

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Managing and Mitigating Subcontractor Default Risks

Surety bonding can serve as an effective tool to help protect general contractors from the...

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The Risk of Wage Rises in Construction: Three Key Trends

Operating a tightening labor market, engineering and construction firms need to pay close attention to...

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Why Large Contractors Fail - A Fresh Perspective

During the past few decades, there have been dozens of large contractors that, after many...

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Engineering, Construction and Risk: Improving Your Odds of Success

Engineering and construction firms are dynamic and inherently risky...

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The Big Crew Change: How to Empower Your Next Generation of Field Lead...

Many of today’s construction employers lack a...

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Opioid Abuse: The Undetected Risk in Your Organization

Painkiller medications — also known as opioids — can be effective in managing a worker’s...

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Are you Proactively Managing Your Subcontractors to Avoid Defaults?

Incorporating the subcontractor prequalification program into project life cycles...

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The Role of Data in Competitive Strategy: A Case Study in Applied Data...

How one industry player leveraged data analytics...

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Data-Driven Estimating

Create a fact-based filter for project selection and a data-driven mark-up policy that maximizes...

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U.S. Water Infrastructure Funding Needs: Who Picks Up the Tab?

Close the funding gap with improved spending across the...

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From Laggard to Leader: How the Construction Industry Can Catch Up Wit...

Now is the time to harness available...

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Dividing, but Not Conquering: Ready, Fire, Aim

The industry of the future awaits the companies willing to re-evaluate their business and make...

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Building Strategies to Prevent Water Intrusion

Taking the proper time to put simple and often inexpensive water mitigation processes in place...

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Establishing a “Lean” Standard

Forget the conventional wisdom about how the industry used to operate. The construction industry...

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How to Build a Project Risk Assessment Process

Project Risk Assessment is more than just beating the odds—it’s a culture. The term “risk...

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SOPs Don’t Make It So

Create buy-in for successful implementation and process improvement. It is a story that’s as...

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Improving Practice Effectiveness Part 2: Taking Action

Change may be difficult, but the effort can produce amazing results. In our first article...

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The Basic Ingredients of an Accurate Cost-to-Complete Estimate

Failing to include any of the vital ingredients produces...

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Redefining Field Logistics in Canada’s Oil and Gas Industry

Dramatically improve site logistics and reduce rework with effective...

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Big Data? Let’s Talk “Little Data” First

Embrace progressive data strategies to drive improvement to top and bottom lines. Executive Summary: This...

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Productivity Sells

Differentiate your services in a sea of work-hungry bidders. Ask any general contractor and...

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Risk Management: A Blueprint for Success

A formalized and intentional risk management program serves as a blueprint for success. The correlation...

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Managing the Risks of Curtain Walls

Take precautions when selecting subcontractors and suppliers for curtain wall projects to insulate your...

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