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Asset 21

FMI Quarterly

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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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Post-Recession Transformations

The future is bright for the E&C industry, but to be successful firms must...

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Chief Equipment Officer or Firefighter?

Maximize equipment value over the long term with strong maintenance programs. As the industry...

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Deconstructing Data

Data-driven strategies create competitive advantages. Do you consider your company to be “data-driven?” Undoubtedly,...

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Technology and Successful Construction and Design Firms

A company’s IT strategy must be in alignment with its business strategy, supporting operational, financial...

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Project Delivery: An Eclectic Menu

If the menu of project delivery methods has left you with a bit of...

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Giving Project Managers a Unique Edge

In today’s competitive business environment, successful construction firms have to go the extra mile...

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Increase Value With Building and Systems Commissioning

The ability to integrate technology and scale effectively will provide great value to building owners...

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Converting Risk Into Financial Reward

Today’s construction industry is a dynamic and global business, with opportunities for innovation and...

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Building Innovation

Many construction companies operate profitably and successfully as smaller firms. These tight-knit organizations can...

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Today’s Prefab: Just the Tip of the Iceberg

Nothing is more exciting for contractors than to reach the next level profitability or to...

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Building Business Acumen

What does it take to be a successful senior executive of a contracting company?...

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Seeking Alignment: Bridging the Silos

Competitive advantage in the engineering and construction industry used to be easier to get....

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The New Watson: Knowledge Management in the Age of Big Data

Most agree that it burned at least once. Whether by accident or on purpose,...

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Contracts for Construction Leaders

Understanding the fundamentals of contracts is an important skill that leaders need to gain...

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Getting Paid

Clients’ expectations are high, margins are thin and competition is fierce. In our current...

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Feedback: Improving the Communication Flow

Giving and receiving feedback is an essential part of communication. In today’s global environment, the...

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When Best Practices Hurt

Many companies have created initiatives to emplace best practices as a solution to the...

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Creating the Discipline of Execution

In 2002, Larry Bossidy and Ram Charan coauthored a book titled “Execution, the Discipline...

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Pricing for Value, Not Purely Cost

In today’s market, the assumption many contractors make is that there are no longer...

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Contractor Challenges With the Dual-Rate Method

Some of FMI’s earliest client work revolved aroundhelping labor-intensive contractors capture all of theircosts, so...

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Scenario Planning: Building Confidence to Deal With an Uncertain Futur...

How valuable would it have been to...

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Ten Commandments of Superior Customer Service

Why should you care about customer service? Beyond the obvious benefit of making your life...

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On the Origin of Species: The Project Manager

Along-standing joke in the industry says the project manager evolved as the solution to the...

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Your Bad Project Just Got Worse: The Basics of Cost-to-Complete Foreca...

As the president and vice president of...

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The Power of Collaboration in Design and Construction

During the last decade, the evolution of design and construction functions has taken a leap...

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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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Information Technology’s Impact on Businesses in Construction

While the information technology solutions and platforms have changed...

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Reputation Counts: Create a Culture of Safety in Your Company

The best safety programs within the best companies are...

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Six Keys to Customer Service

In pursuit of a winning edge in today’s hypercompetitive construction markets, contractors have trimmed...

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Doing What You Promised, On Time

As you roll out customer satisfaction initiatives, take a page out of the playbooks...

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