FMI Built-In Podcast

FMI Partner Priya Kapila joins Consulting President Scott Winstead on this episode of our Built-In podcast to talk about trends in pay and benefits. We all know that compensation is a critical part of retention and in the episode we'll dive into best practices and how to maximize the return on your compensation investment.

FMI Partner Priya Kapila joins Consulting President Scott Winstead on the next episode of our Built-In podcast to talk about trends in pay and benefits. Don't miss her industry-specific insights when this episode comes out November 14.

Labor productivity is the central driver of profitability for labor-intensive, self-performing contractors. FMI research suggests that contractors lost approximately $30 billion to $40 billion to labor inefficiencies in 2022. These labor productivity deficits translate to significant project and enterprise margin erosion industrywide.In this episode of Built-In, FMI Consulting President Scott Winstead interviews Partner Tyler Paré and Consultant Michael Keller about the 2023 Labor Productivity Study and ways contractors can harness labor to improve profit margins.

FMI's ground-breaking research on why large contractors fail continues to be one of the most popular articles we've published. In this episode of Built-In, FMI Consulting President Scott Winstead interviews Hugh Rice, former chairman at FMI, about the initial findings and how they continue to be relevant today.

When you think about developing a culture in the construction industry, many mention DPR Construction as an industry leader and a company with a strong culture. Through the ups and downs of the pandemic and exceptional growth, DPR continues to focus on their people and what drives their overall success.

In this bonus episode of Built-In, a member of DPR's Leadership Team, Mike Humphrey, talks with Senior Consultant Tracey Smith about how the company invests in people, how they develop meaningful work through focusing on their purpose, and how their core values of enjoyment, ever forward, integrity and uniqueness inform all their decisions.

Knowing when and how to exit your business can be one of the biggest decisions you’ll make as an owner. In part 2 of our exit strategies conversation, FMI Consulting President Scott Winstead talks with three FMI Capital Advisors experts on valuation and what drives it, how to get started with an exit strategy and what to expect in the first 100 days of the process.

We’ll chat with Managing Directors Alex Miller, Matt Godwin and Nathan Perkins about the pitfalls and opportunities of mergers and acquisitions, internal ownership transfers and creating an employee stock ownership plan (ESOP).

Knowing when and how to exit your business can be one of the biggest decisions you’ll make as an owner. Listen as FMI Consulting President Scott Winstead talks with three FMI Capital Advisors experts on the various options for exiting a business in the built environment.

We’ll chat with Managing Directors Alex Miller, Matt Godwin and Nathan Perkins about the pros and cons of selling to a third party, finding an internal buyer or establishing an employee stock ownership plan (ESOP) in this first episode. In the second part of the conversation, we’ll talk about the pitfalls, opportunities and potential valuations for each option.

The 2023 FMI Talent Study didn't so much as reveal a talent issue, but highlighted how big the talent cliff is these days. In this episode of Built-In, we talk with Denise Gettman, a partner in FMI's leadership and organizational development practice, about the urgency many companies are feeling to fill the gaps in their organizations. More people are retiring and younger workers are leaving the industry at higher rates due to competition from other industries, making it critical for companies across the built environment to manage their teams with succession planning, training and development, and other retention strategies. We also talk about ways to address talent issues to attract and retain the workers needed to be successful.

APi Group CEO Russ Becker sits at the helm of a publicly traded $6.5 billion company built through more than 90 acquisitions. In this episode of Built-In, Becker talks with FMI Consulting President Scott Winstead about how he focuses on the culture, values and fit of potential acquisitions from the beginning of the diligence process to ensure success. They also talk about the process of taking the company public through a merger with a SPAC (special purpose acquisition company) and the $3.1 billion acquisition of Chubb Fire and Security business in 2022. APi spends more than $6 million a year in leadership development, giving everyone on the team a common foundation and language. Leadership development is a fundamental part of APi and a competitive differentiator when attracting and retaining talent.

In this bonus episode of Built-In, Senior Consultant Tracey Smith talks with Randy Leopold, Associate Vice Chancellor, Capital Program Management at the University of California San Diego, about leadership and building collaborative partnerships. He discusses the complexity of managing billions of dollars of projects across diverse stakeholders and how creating a shared vision for the building helps everyone who steps onto the job site work toward a common goal. Creating a sense of community and demonstrating the importance of the new building, such as a center to cure blindness, generates a sense of pride and helps the team solve problems in ways that benefit everyone.