A Mixed Recovery for Contractors: 2nd Quarter Construction Outlook
Recovery from Q1 2021 is expected across most of the construction industry, according to the Fails Management Institute (FMI) Construction Industry Round Table (CIRT). Contributing factors for this improved industry confidence noted by the CIRT members include increased vaccine distribution programs, ongoing government stimulus, and increased customer spending. The
How Contractors Develop Strategy Amid Uncertainty with FMI
On February 4, Barnes Dennig, Frost Brown Todd, Northside Bank and Trust, and USI Insurance hosted FMI’s Jay Bowman to discuss FMI’s construction outlook for 2021 and beyond. In early February last year, we hosted Jay Bowman to provide his forecast for 2020. Little did we know at the
New Construction Compensation Study Gives Insights on Safety Manager Pay
As we shared results of the 2020 Construction Compensation and Benefits Study with participants, many asked how the pandemic had affected the role of safety manager and associated compensation – so we launched a special edition survey to find out. We worked with regional contractors to collect responses from twenty-three
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
New Construction Compensation Study Gives Insights on Pay, Benefits, and Trends
Record-Breaking Number of Participants A record-breaking 68 companies participated in the new 2020 Construction Industry Compensation Benchmark Study, providing insight into compensation, benefits, and overall trends for both general and specialty contractors. General and Specialty Contractors and a Balance of Contract Sizes The study, sponsored by Barnes Dennig, North Side
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