- The industry is fragmented.
- The keys to profitability are competent estimating & project management, and good marketing
- Sales Demand is largely based on new construction projects, the availability of government funds for projects and the overall health of the economy
- Design & Build work tends to provide positive results.
- The leadership team and their people plans are the most crucial elements for long term success. This includes the Succession Plans for leaders.
|
- Diversify services and market sectors, such as by adding a long term focus on the infrastructure sectors. Or move towards being a one-stop service provider
- Continued consolidation of the customers and participants in this industry are expected.
- Avoid the pitfall of Personal Goodwill by advance planning for your exit.
|
