Strategy in the Eye of the Storm - FMI`s 2009 Construction Industry Strategy Survey

RALEIGH, N.C.--(Business Wire)--
Stocks have fallen, banks have failed, projects are being delayed and canceled
at an unprecedented rate and bailouts have come. Most sectors of the
construction industry are facing their most severe downturn in more than
twenty-five years. All of this begs the question, how is the industry
responding?

To answer this question, FMI surveyed 230 of the most influential executives in
the U.S. construction industry to gauge exactly how executives of the industry`s
leading firms were preparing for a rapidly changing landscape. It is clear that
the world is changing, and participants in this year`s survey were asked to rate
just how much the competitive environment had intensified over the last twelve
months.

According to Briston Blair, author of the report, "Our findings suggest that
while most companies anticipate a high degree of future uncertainty, they have
not adapted the way they develop strategy. As uncertainty increases, so too
should the level of preparation and depth of analysis that is used to determine
a go-forward direction. Far too many contractors have yet to adapt to the
changing context."

Some of the more interesting report findings include:

* Many firms do not feel adequately prepared for the uncertainty that lies ahead

* Firms in the middle market are anticipating the most uncertainty and are the
least prepared
* The lack of in-depth planning is preventing some firms from developing a
strategy that aligns with the shifting industry context

For a copy of the 2009 Construction Industry Strategy Survey or to schedule an
interview with Briston Blair, contact Kathryn Robinson at krobinson@fminet.com
or 919-785-9211.

About FMI

FMI (www.fminet.com) is the largest provider of Management Consulting and
Investment Banking to the worldwide construction industry.

Founded in 1953 by Dr. Emol A. Fails, FMI delivers innovative, customized
solutions to contractors; architects and engineers; construction materials
producers; manufacturers and suppliers of building materials and construction
equipment; private owners, managers, and developers; residential builders;
utility companies; surety companies and industry trade associations.

FMI creates value through enhanced performance of companies, teams and
individuals and by mitigating risk. FMI is headquartered in Raleigh, N.C., and
has offices in Denver, Phoenix and Tampa, Fla. For more information, visit
www.fminet.com.

FMI
Kathryn Robinson, 919-785-9211
krobinson@fminet.com

Copyright Business Wire 2009