might create a belief that all costs should increase across the
organization thus possibly adversely affecting the firm’s competitiveness.
The most important element of this analysis is
the focus/refocus on planning across every project.
There are changes on the horizon that all businesses
should recognize as becoming new standard operating procedures.
The recognition and incorporation of these changes
need to permeate through all aspects of the business, including
but not limited to estimating, budgeting, planning, cost
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monitoring, productivity reporting and financial benchmarking.
As horrible as the pandemic has been, COVID-19
is simply a manifestation of an ever-present list of business
challenges that requires business leaders to pivot. If it wasn’t
COVID-19, there would be some other obstacle to overcome.
Overall, it is essential that construction business leaders
adapt, react and pivot quickly to this “new normal.” n
Gregg Schoppman is a principal with FMI Corporation.
Experience Counts!
High Performance Cold-Patch - Cold-Pour Crack Filler
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