Back in November, an eminent construction executive made a presentation at an insurance conference on survival strategies for contractors. Part of his presentation was advice about making layoffs, which was timely. If you look at what U.S. businesses have done in the first phase of the current recession, they have propped up their financial results by cutting personnel. The executive outlined the choices employers face, using a medical term—amputation—for cutting whole departments or units, and a term from 16th-Century warfare—decimation—for cutting a portion of each department. Related Links: Post-Recession Strategy for Firms Is the New Turning Point However, there are
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.