AGC/FMI Risk Management Study Reveals Changing Environment

FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of the “AGC/FMI 2016 Risk Management Study”—a joint effort between FMI and AGC’s Surety Bonding and Risk Management Forum.

In this study, AGC and FMI explore the key risks that contractors face in today’s business environment and the various ways that they deal with those risks. Study findings are based on 83 responses from best-in-class companies that collectively generate approximately $50 billion in industry revenue annually. Their responses suggest the following:

Today’s construction risk environment is drastically different than it was five years ago.
-Skilled craft labor shortages, contract language and subcontractor default are top risks in today’s construction industry.
-Construction firms are managing risk differently today.
-Risk management effectiveness varies.
-Mitigating and managing risk has become a strategic priority.

Full analysis of the survey’s results.