subscribe to ENR magazine subscribe
contact us
industry jobs industry jobs
events events
Dodge Data & Analytics
ENR Logo
Web access will be provided
as part of your subscription.
This content is available for purchase. It is FREE of charge for ENR subscribers.

Firms Slow To Restrategize In Current Changing Economy

Publication Date: 6/3/2009
Author: Debra K. Rubin
Format: HTML

Contractors are feeling the impact of the changing economy, but many are failing to prepare for what may not be just a normal recession, according to industry management consultant FMI Corp. in a new report. In its survey conducted in February of 230 executives of U.S. construction firms in various revenue categories and market segments, Raleigh, N.C.-based FMI says respondents anticipate much uncertainty ahead. Three-quarters of respondents foresee workforce cuts, and 77% expect profits to drop. While 74% of firms have boosted business development in the last six months, only 56% are formally evaluating their capabilities and constraints and only half are reviewing customers and markets with any formality. The survey contends that midrange firms with annual revenue between $500 million and $1 billion “are anticipating the most uncertainty and are least prepared.”

Sign In 
Enter your email address and password below
Sign up for ENR | Forgot your Password?


Subscribe to access content 

Monthly Subscription (Automatic Renewal):
Access all articles published on for only $9.95/Month.

Annual Subscription:
Get ENR magazine for one year plus access to all articles published on, along with all the benefits described*
U.S. for only $49.95/Year
Canada $99/Year (US funds)
All other $125/Year (US funds).


Need to register your ENR print subscription? 

Enter your print subscription account number from your mailing label or your order acknowledgement here

Print subscription number:

For help finding your subscriber number click here
  • ENR’s national and regional tablet digital editions
  • FREE — ENR’s Greatest Construction Projects digital edition with your paid subscription
  • BONUS — ENR Future Tech & ENR Risk Review e-newsletters
  • Access to with daily updates and archives
  • Regional news and information
  • Daily news alerts & weekly e-newsletters
  • Construction methods & equipment
  • Industry forecasts
  • Quarterly cost reports
  • Opinions from the experts
  • Top Lists (Company Rankings)
  • Risk management
  • Safety and health
  • Technology tools
  • Asset management
  • Specialty contractor innovation