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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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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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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Improving Your Post-Job Processes to Become an Operationally Superior Construction Firm
Operationally superior companies continuously review and update their processes, and that discipline extends to post-job procedures as well. Here we talk about post-job process improvements and how you can leverage insights from one job to better your entire organization.
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Creating a Process Playbook That Drives Operational Excellence
Operationally superior organizations are constantly evolving and adapting to changing conditions with clear goals and ways to measure progress. The easiest place to start on continuous process improvement is developing a playbook or standard set of practices. Once those have been implemented for a period of time, review and assess if they’re working.
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Creating Operational Excellence through Improving the Field and Job Sites
For many engineering and construction (E&C) firms, the first area they turn to for improvement is the field, since it often seems to be the easiest place to work on efficiencies. Yet, operationally superior organizations know that you must implement the right practices, processes and people across the organization – including field teams.
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Trading on Excellence: The Value of Talented Field Leaders
When engineering and construction (E&C) firms think about leadership development, the focus naturally goes to C-suite and business development teams. While those managers are a critical part of a firm’s ultimate success, companies often neglect to develop on-site leaders who are ensuring projects are completed to exacting standards, on time and on budget. World-class construction firms […]
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