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Our friends at FMI have completed their 2017 Talent Development Survey and recently issued their findings. The results, while revealing, should not be surprising in light of recent conversations going on the subject of Talent or Skilled Craft Workforce Development.
Reshaping the Construction Industry
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On October 18, Associated Builders and Contractors of Greater Houston (ABC) held its annual Excellence in Construction Awards (EIC), which showcased forty-one projects, built by ABC Greater Houston members, that were rigorously judged on an array of criteria. This event, established in 2000, recognizes outstanding projects in the commercial and industrial construction industry. Top scoring projects were showcased at the evening program, and winners were given local and national media attention including ABC’s Build Houston Magazine.
November 02, 2017
Inflation-adjusted gross domestic product (real GDP)—the value of all goods and services produced in the U.S., net of imports—increased 3.0% at a seasonally adjusted annual rate in the third quarter of 2017 (2017Q3), following a 3.1% rise in Q2, the Bureau of Economic Analysis reported on Friday. Real private fixed investment in nonresidential structures slumped 5.2% (vs. a 7.0% gain in Q2).
November 01, 2017
Wildfires this year in California burned through hundreds of thousands of acres of land and left dozens dead or missing. The deadly Tubbs fire, for example, is estimated to have burned roughly 5,300 buildings across 36,807 acres and killed at least 22 people.
October 31, 2017
As we reported in a recent post, construction is the second most likely industry in the US where substance abuse exists. According to a Bisnow article entitled “The Silent Killer On The Job Site: Inside Construction's Battle With Opioids” It seems that the construction industry, while certainly aware of the problem of substance abuse, is ill prepared and unwilling to discuss the Opioid issue.
October 30, 2017
When disaster strikes, fast action can save lives – that same sentiment often carries over to the recovery process. People with the ability to help those in need tend to move quickly so not to prolong the period of flux that homeowners find themselves in. Quick action should be the goal, but not at the expense of proper safety precautions. To ensure safety, construction companies should keep a few things in mind: the age of the structure, what materials were used in that time period, access to proper personal protection equipment, and any local specialists that can be consulted when necessary. Two commonly forgotten issues when dealing with flood recovery and reconstruction are mold and asbestos.
October 27, 2017
One change that is underway in the industry that might help is the move to digitalization of many of the tasks needed to design and build the buildings of tomorrow. Bulmer believes that augmented reality (AR), the use of drones, and the widespread use of BIM (Building Information Modeling) is attractive to younger candidates.
October 26, 2017
Seasonally adjusted construction employment rose in 35 states and the District of Columbia from September 2016 to September 2017, fell in 14 states and was unchanged in Idaho, an AGC analysis and map of BLS data released on Friday showed. The largest percentage gains occurred in Oregon (15%, 13,500), followed by Rhode Island (14%, 2,500 jobs), Nevada (13%, 9,700) and Louisiana (11%, 14,700).
October 25, 2017
In a move many business leaders called “long overdue,” Texas House Speaker Joe Straus has announced a new panel of lawmakers will consider what policies need to be in place – and what kind of policies should be rejected – in order to keep this state a vibrant economic powerhouse for decades to come.
October 24, 2017
Last month Calvetti Ferguson, a financial accounting and advising firm specializing in the fields of energy, construction, hospitality and multinational businesses, hosted an after-work conference featuring presentations by three consultants from Management Consulting and Investment Banking firm FMI. While attendees enjoyed drinks and appetizers in a private room above Houston’s Karbach Brewery, Pat Kiley and Candace Hernandez gave their take on the Houston construction market, followed by Scott Duncan’s presentation about ownership transfer techniques.
October 23, 2017
