Back in the Game: How to Return to Profitability
Organizations must grow strategically and not simply answer every client demand or proposal. There must be a fact-based approach to decision-making to be profitable.
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FMI Quarterly
Building Operational Resilience to Succeed in Any Market
Focus on the things you and your business can control — like establishing and maintaining operational excellence. By emphasizing the fundamentals of best-in-class operational performance, you can cultivate resilience that allows you to win no matter what operating environment you’re in.
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Operational Excellence Begins In Preconstruction
Preconstruction is often misunderstood. While many firms still treat it as a transactional phase — a checklist of budgets, estimates and approvals — the best-performing contractors recognize it as something far more strategic.
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Quality Assurance and Control Practices That Every Construction Project Needs
Having a strong QA/QC function and program is integral to successful projects. Here we outline several themes that will help you improve your internal QA/QC program and ensure that your efforts yield results.
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Building Your Project Executive Toolkit
The best project managers often struggle once they’re promoted to project executives (PXs). While they bring world-class project leadership skills to their jobs, project executives also need new skills in their toolkits to succeed.
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2024 Labor Productivity Study Part 2: Prefabrication
In the second part of FMI's Labor Productivity Study, we dive into prefabrication. Understanding the current opportunities and challenges with prefabrication can help construction companies understand needed shifts in strategies and business models to successfully integrate it.
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Professionalizing Preconstruction Services: The Number-One Differentiator for General Contractors
As more market share trends toward collaborative delivery methods, sophisticated preconstruction services are becoming the foremost differentiator for general contractors and construction managers. Firms with strong preconstruction functions are positioned to win a greater share of the work and execute it more profitably than peers.
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Employee Recognition and Rewards Still Matter in a Slowdown
Employers should make efforts to establish optimal environments through assessing and improving operational and labor practices to ensure that well-regarded talent stays with the firm during a slowdown.
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Construction Labor Productivity: The $20 Billion Opportunity
Labor productivity is the central economic engine of labor-intensive, self-performing contractors that drives profitability. Our research suggests that contractors lost approximately $30 billion to $40 billion to labor inefficiencies in 2022. Download the 2023 Labor Productivity Study to learn more.
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Focus on the Field: 2023 Talent Series
Field positions are the hardest to fill. Discover top challenges for field leaders and how to invest in their development.
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