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Updated: September 17th, 2009 05:15 PM EDT

Prepare Today for Tomorrow's Recovery

Editor's Commentary on the Construction Industry

Becky Schultz
By Becky Schultz
Editor

Given the ongoing economic uncertainty, you may feel it's premature to discuss preparations for recovery. Yet, there are signs the U.S. economy has turned a corner, and we're already hearing more positive long-term projections.

Now granted, the construction market has a much deeper trough to climb out of compared to most industries. But the potential for further stimulus-related work coupled with pent-up demand, holds substantial promise for the future.

In the meantime, you have a "luxury" contractors don't often have - time to plan ahead and prepare for what's to come. So take this opportunity to:
 Investigate new equipment and technologies to boost profit potential. Whether it's project management software, fleet tracking and logistics systems, automated grade control or the next generation of skid steer or excavator, start exploring technologies that can increase jobsite productivity and efficiency and cut project costs.

Talk to your local dealer/distributor to find out what's available, then ask for contractor references so you can learn from your peers' experiences with the technology. If it's equipment you're considering, schedule a demo or a short-term rental to see how it works and how your company might benefit.

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