FMI Engineering and Construction Second Quarter 2020 Report
A Vastly Different Landscape – and How to Navigate It Times have certainly changed since FMI distributed their First Quarter 2020 outlook, and the Second Quarter outlook shines the light on a vastly different landscape. Items of disruption that have emerged include: COVID-19 Volatility in financial and equity markets Federal
Envisioning a Reimagined Future: The Post COVID-19 Recovery Outlook
How will the construction industry recover in a post-pandemic world? On May 19, 2020, FMI Principal and Managing Director of Research & Analytics Jay Bowman at FMI, presented a webinar on the topic, providing key insights for construction leaders. We’ve summarized them here. Changes Aren’t Permanent, but Change Itself
Default Electronic Disclosure by Employee Benefit Plans Under ERISA
On May 21, 2020, The U.S. Department of Labor (DOL) adopted a new, additional safe harbor for plan administrators to use electronic media, as a default, to furnish covered documents to participants and beneficiaries. Plan administrators will no longer have to send potentially large volumes of paper documents through the
FMI on the Path to Transformation at the Top of the Cycle
In February of 2020, before the coronavirus (COVID-19) pandemic began to affect daily life in the United States, Barnes Dennig, Frost Brown Todd, North Side Bank & Trust and USI Insurance was fortunate to host Jay Bowman, Principal at FMI, to discuss what contractors can do to
Prepare Your Construction Business for an Economic Slowdown
The upcoming winter season may not be the only reason you’re seeing a decline in new construction projects. Economists are predicting a nation-wide economic downturn in the new year. Just last month, Federal Reserve Chairman Jerome Powell announced the Fed was dropping U.S. borrowing rates by another quarter of a
Continued Growth Ahead for Midwest Construction Companies
Continued growth is forecast for construction companies across the Midwest in 2019. New hospital, manufacturing, retail and lodging, highway, public infrastructure and school construction is expected to expand. The continued demand comes against the backdrop of a shrinking labor pool which have left many wondering how to cope with the