Executive Briefing - Understanding Industry Trends

The construction industry is changing at an unprecedented rate.

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The challenges for contractors are compounded by the shortage of talent at all levels, including craft, management, and technical experts.  This rate of change will continue to accelerate into the foreseeable future.

Industry Trends: 4 Major Interrelated Trends and 5 Core Strategies to Leverage.

As with any industry or economy facing an accelerating rate of change, the gap broadens between the top and the bottom; especially when it comes to profitability. Contractors do not necessarily have to be innovators, but for long-term viability, they must to be “Fast Followers” in a few key areas.  

We have been relentlessly focused on helping contractors successfully navigate this changing landscape. A key result of this focus is a refined set of training, tools, and services to help you build your roadmap for 2018 and beyond.  

One of those tools is an Executive Briefing tailored for your company.  This tool is designed to help your team more deeply understand these trends and how they will continue impacting your company.  We wrap up with a discussion about strategies and tactics you can use to leverage these trends to your advantage.  

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Seven Drivers of Valuation
A significant number of contractors will be going through an ownership transition during the next decade. These transitions impact many people, especially the owners and the management teams.
Incentive Compensation for Contractors - Culture
Any incentive program should improve the operating execution, profit, and cash flow of the company. Aligning organizational objectives with the tangible value add to the craft worker in the field and operations staff workers yields the best results.
Tracking Change Progress (The Funnel): Basic Status Categories
Managing changes effectively means that you need clear visibility across all projects. While the workflow will vary by project, the key progress milestones in your internal process will remain fixed.