In partnership with management consulting firm FMI Corp., Autodesk Inc. released findings at ConExpo-Con/Agg 2020 from an industry study, “Trust Matters: The High Cost of Low Trust,” through which 2,500-plus respondents the world over reveal how construction organizations exhibiting “very high” levels of trust achieve better financial performance than lower-scoring peers. Compared to the latter, “very high” trust entities generate more repeat business, retain more employees and drive a higher level of operational success.Read More
Sources: FMI Corp., Raleigh, N.C.; PlanGrid, San Francisco; CP staff
A survey of nearly 600 construction professionals finds that time spent on non-optimal activities—fixing mistakes, scouting data and managing conflict resolution—accounts for $177.5 billion in labor costs per year, while rework stemming from miscommunication and inaccurate or inaccessible information will cost the U.S. industry $30 billion-plus in 2018.Read More
Sources: Design-Build Institute of America, Washington, D.C.
Design-build is the fastest growing and most popular method of delivering nonresidential and non-building projects, according to “Design-Build Utilization: Combined Market Study,” prepared by construction-wise management consultant and merger & acquisition specialist FMI and posted here.Read More
Except for the hint of a slight decline indicated at mid-year, commercial, industrial and institutional building activity continues at a steady pace, according to the Nonresidential Construction Index Report (NRCI) for Q3 2015 from leading management consultant FMI, and reflecting sentiments of construction executives nationwide.
The nonresidential construction sector continues to grow at a solid pace, reflecting 18 months of improving activity despite rising construction materials and labor costs, along with a slight decline in regional economies where most activity is taking place, according to the Nonresidential Construction Index Report (NRCI) for Q2 2015 from Raleigh, N.C., management consultant FMI.Read More
As we compiled our annual Buyers’ Guide Issue, complete with new listings and references in admixture, fleet, plant equipment and other categories, one market indicator after another painted construction activity favoring investment in concrete production and delivery. Industry economists and market observers view the first half of 2015 positively, and confirm a moderate to upbeat outlook for at least the next three years.Read More
Source: FMI, Raleigh, N.C.
In its Q1-2014 Construction Outlook, management consulting and investment banking services provider FMI tracks construction put-in-place activity, projected at 8 percent growth this year over 2013, and offers an early gauge on key sectors:Read More