FMI

This week FMI held its inaugural Emerging Managers Institute: HERstory in Nashville, Tennessee. A special thank you to our facilitators and the 33 women who attended for making this event a huge success! Leaders in both office and field roles in construction joined us to learn, network and inspire each other. With women making up only 11% of the construction workforce, events like this are essential to help women in the industry feel connected and empowered. Learn more about HERstory: https://lnkd.in/eeswnQ8W #WomenInConstruction #EmpoweringWomen #ConstructionInclusionWeek

After expanding by more than 40% cumulatively since 2020, engineering and construction growth in the U.S. is projected to slow for the industry overall during FMI’s forecast period. Despite broader U.S. economic challenges, this slower pace of investment should allow many stakeholders to address some of the longer-term challenges facing the built environment. FMI's 2024 North American Engineering and Construction Outlook for the fourth quarter is now available. 🔓 Unlock insights to position your company for success: https://bit.ly/401Ngic

Is your company having the right conversations around business strategy? Don't make these common mistakes. Learn more about how to craft a strategy for future success: https://lnkd.in/e-W3EHNM

While traditional benefits and culture initiatives can support a company’s short-term success, they often fall short when it comes to long-term, sustainable growth. This is where employee stock ownership plans (ESOPs) can make a real difference. Here’s how ESOPs can enhance a company’s success: ✅ Employee Engagement: Ownership boosts motivation and job satisfaction. ✅ Financial Performance: Increased productivity and profitability. ✅ Stronger Culture: Fosters transparency and shared purpose. ✅ Talent Retention: Offers a competitive edge in hiring. ✅ Succession Planning: Smooth ownership transitions while preserving company legacy. Is your business ready to explore ESOPs? Find out more in our latest article: https://bit.ly/4eV9jem

Master essential construction project management techniques that go beyond the basics. At Project Manager Academy you’ll learn how to: ✅ Develop long-term customer relationships. ✅ Create powerful, integrated project teams. ✅ Understand financial control of projects. ✅ Plan projects for profits and customer satisfaction. Save your spot: https://bit.ly/3BE7eVO

We are experiencing a generational transition as baby boomers depart the workforce at accelerating levels. Yet, FMI's latest survey with CFMA indicates ownership transition planning is decreasing. A deliberate ownership transfer and management succession strategy is a must-have for #engineering and #construction company owners who want their enterprises to thrive into the future. Uncover insights and tactics to help you position yourself and your company for long-term success: https://bit.ly/3zwDDNF

FMI is proud to support #ConstructionInclusionWeek. As an #AmbassadorSponsor, we strive to bring awareness to Construction Inclusion Week's goal of uniting the built environment to create a more welcoming and inclusive construction industry. Construction Inclusion Week is right around the corner, taking place on October 14-18. Visit their website to gain access to practical content and actionable resources to advance inclusion: https://lnkd.in/d3riPRC

Make sure you're equipped to make strategically sound decisions by monitoring your operating environment and keeping abreast of trends. In his latest video, FMI Partner Jay Bowman shares tips to stay ahead during times of upheaval and change. Watch now: https://bit.ly/3Ufgerd

When it comes to planning, it is easy for construction leaders to focus on a few areas of their companies’ operations where they believe they are strong or poor and seek incremental improvements. But focusing on bettering known areas of weakness can be a waste of time, effort and energy if what you’re thinking about doesn’t matter to your customers. Here are five common mistakes organizations make in developing their strategy and what some of the most powerful leaders have to say about them: https://bit.ly/3BvjJDm Mike Clancy

Are you looking for ways to enhance project outcomes for clients? Preconstruction and operations teams can leverage target value delivery (TVD) to benefit clients and improve overall project performance. Consider these best practices before implementing TVD: • Pre-concept client education and continuous engagement • Collaborative planning and perpetual design • Early procurement and trade partner selection • Robust cost management and transparency • Focus on constructability and value engineering Dive deeper into these insights: https://bit.ly/4elg1uo