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

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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

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Stay on Track with FMI’s 2019 Construction Outlook

With the exception of some minor speedbumps, 2018 was a great year for most engineering and construction (E&C) companies, as shown by the expected spending growth of 5%.  Now as we move deeper into 2019, what can E&C companies expect for the rest of year and beyond?  FMI recently issued

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Big Data = Big Challenges for Construction Companies

Technology is advancing at a rapid pace and with it comes many changes and opportunities. In the last few years alone, construction companies have integrated new technologies into the workflow to reduce inefficiencies and streamline processes. The integration of tools such as drones, Building Information Modeling (BIM), virtual reality and

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