Construction may be the most cyclical of all the major industries. Each cycle (i.e., recessionary, emerging, prime, and mature) presents benefits and challenges. We are currently in a “mature” construction cycle. Construction success hinges on identifying the current cycle and leveraging the benefits of that cycle. This article details tools to leverage those benefits.
Summer vacations are winding down and most of us are back at work dealing with the day-to-day issues of making our companies successful in this booming economy. Of course, good times also present challenges, such as finding and retaining qualified employees, but all in all it’s a lot better than what our industry was experiencing less than a decade ago.