FMI releases Adjust, Adapt, Act Study

FMI, the largest provider of management consulting and investment banking to the engineering and construction industry, releases its newest study "Adjust, Adapt, Act: Winning Stories From the Post-2007 Construction Industry."

The paper explores several case studies, including Sun Country Builders, Huen, BakerTriangle, Consigli, Skender Construction and Flatiron, and distills the key factors that make these companies unique and successful. The article also summarizes thoughts and insight from senior FMI strategy experts on success strategies that have become crucial in running a profitable construction business, as well as common mistakes, which can lead to failure in today's cutthroat environment.

Select success strategies discussed in the paper include:

Get into the heads of your clients – early
Reinvent yourself and innovate. Find what makes you unique
Be smart about diversifying your portfolio
Be nimble and flexible, yet disciplined. Never get complacent
Understand "incremental economics" – revenue, margin, overhead – more than ever
Bring creative financing solutions to the table
Build contingency plans into all corporate strategy discussions and never stop looking ahead.

Key highlights include:

Case studies on successful companies
Business imperatives for a volatile economy – thoughts and insight from FMI consultants and study participants
Common mistakes – summary of most frequent strategic mistakes witnessed by FMI consultants
Conclusion and recommendations

To download a copy of the full report, click here. For reprint permission or to schedule an interview with the author, please contact Sarah Vizard at 919.785.9221. BD+C

Boyd R. Zoccola is Chair and Chief Elected Officer of BOMA International. A BOMA member since 1994, he has served on the Executive, Finance, Investment, and Medical/Healthcare Facilities Committees. An Indiana Real Estate Principal Broker and a board member of the Real Estate Round Table, he is Executive Vice President of Hokanson Companies, Inc., of Indianapolis, and has been involved in the development of $600 million worth of real estate. On a volunteer basis, Zoccola was president of Horizon House and a board member of Girls, Inc. He holds a BA in biology from Indiana University.