What happens when a business consistently tells Wall Street it is going to construct a specific amount of capital improvements each year but consistently misses? And what happens when any type of owner organization must react quickly to changes in regulations by replacing a significant amount of its asset base but can’t?
Key Owner Trends: Gone Are The Days… Challenges of the Next Decade of Capital Construction and Facilities Maintenance
These are sage words of wisdom, especially when one considers this advice within the context of the U.S. construction industry. Capital asset owners — large American corporations and government agencies who spend roughly one trillion per year to construct pipelines, schools, retail stores, data centers and any other imaginable structure — have endured several economic cycles over the last decade and are preparing for more volatility, uncertainty, complexity and ambiguity in the business environment over the next decade.