FMI attempts to offer insight into some of the engineering and construction industry’s most complex business challenges in its 2012 U.S. Markets Construction Overview.
The publication focuses primarily on the U.S. domestic construction market, which is also a lagging reflection of the country’s economic health. The broad picture is not dramatically different from last year.
A few highlights include:
- The move to a greater use of P3 (public-private partnerships) project funding will be slow, but will begin to gain traction in the United States.
- Demographics continue to drive demand for health care, education and improving infrastructure.
- Spending for government construction is expected to decline as budget battles continue to rage in Washington and spill over to every state in the nation.
- Sustainable or green construction will drive demand for LEED-certified buildings.
- Innovation is driving efficiencies in multi-trade prefabrication and modularization construction.
- As baby boomers age out of the work force, many firms will face succession and transition challenges.
FMI publishes the U.S. Markets Construction Overview annually. The Overview includes a comprehensive report on vital construction trends and forecasts the growth or decline in each market segment, noting both short-term and long-term considerations.
To purchase a copy of the 2012 U.S. Markets Construction Overview visit www.fminet.com/resources. For more information about FMI’s Overview, please contact Kelley Chisholm at 919.785.9215 or email@example.com.
In addition, each quarter FMI produces a quarterly construction forecast, Construction Outlook, that supplements the U.S. Markets Construction Overview. If you would like to receive an electronic copy of the quarterly Construction Outlook, please let FMI know at firstname.lastname@example.org.
FMI is a provider of management consulting, investment banking and research to the engineering and construction industry. We work contractors; construction materials producers, manufacturers and suppliers of building materials and equipment, owners and developers, engineers and architects, utilities, and construction industry trade associations in all segments of the industry, providing clients with value-added business solutions, including:
- Strategy Development
- Market Research and Business Development
- Leadership and Talent Development
- Project and Process Improvement
- Mergers, Acquisitions and Financial Consulting
- Compensation Data and Consulting