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Hi Mila,

We''d like to invite you to our upcoming webinar, Fleet Management as a Strategic Advantage: The Opportunity of Operational Intelligence, you won''t want to miss it!

Fleet management departments have been using technology in some form since the 286 processor and dot matrix were considered new tech. However, companies continue to under-utilize equipment assets, carry more capital equipment than necessary, dispute over maintenance, and wrestle with the own vs. rent debate. This webinar follows FMI's Fleet in the C-Suite research to improve leveraging equipment assets and FMI's partnership with Tenna as we engage in a conversation about fleet management best practices and the application of modern technology to optimize the company's investment in the fleet.

Join us on Thursday July 16, 2020 at 2pm ET / 11am PT 

Webinar Information

• Date: Thursday, July 16, 2020
• Time: 2pm ET / 11am PT

We hope to see you there!

Dear Reader,

As we start to move into a new phase of the COVID-19 pandemic, we will be shifting our content efforts to different areas of the Built Environment. This email represents our last official COVID-19 content update, followed by next week's FMI Quarterly collection focused on strategic insights on how to navigate the COVID-19 recovery phase.

As always, thank you for your interest and support in FMI's insights and thought leadership.

View our latest content pieces to help you navigate the COVID-19 crisis.

Hi Mila,

Registration is closing soon for our upcoming webinar, How to Manage Subcontractor Default Risks During the COVID-19 Crisis, you don''t want to miss it!

In this webinar, subject matter experts from FMI, Cove Programs Insurance Services and Peckar & Abramson share key industry insights and provide advice on how to manage and mitigate subcontractor default risks during the COVID-19 crisis.

Join us on Wednesday April 1, 2020 at 12pm ET / 9am PT to hear panelists address questions such as:

• How should GC/CMs' approach to default of subcontractor performance change in light of the COVID-19 impact?
  
• What are the key components of a subcontractor risk management program?
• What are specific Subcontractor Default Insurance (SDI) and surety implications?
• How should GC/CMs adjust their prequalification process with the changing financial landscape of subcontractors?
• How might capacity and underwriting of SDI change in response to the COVID-19 crisis?

Webinar Information

• Date: Wednesday, April 1, 2020
• Time: 12pm ET / 9am PT

We hope to see you there!

The health and safety of our attendees is a top priority for FMI and our event partners.

For upcoming in-person events, we''re implementing procedures to minimize physical contact and maximize the health and safety of our attendees.

Here''s what we''re doing:

• Adjusting program capacity and modifying seating structures to maintain proper social distancing
• Mask wearing for staff and attendees when social distancing cannot be maintained (masks will be provided)
• Hand sanitizing stations provided
• Daily health screenings for staff and attendees
• Utilizing outdoor space as much as possible across all event sites

"I thought the FMI team was outstanding with

the safety and health aspects."

- Recent Field Leader Institute attendee

As we move further into 2020, we find ourselves in a time of unprecedented change and uncertainty. Daily soundbites inundate us about the evolving COVID-19 pandemic, which is wreaking havoc across the globe and sending ripples through the stock market, business environment and the world economy at large.

In this report, we present results that we gathered from more than 150 engineering and construction (E&C) executives who shared their experiences and strategies from the last downturn, how they focused their energy, and what key lessons they learned, which are critical in today's environment.

Key insights include:

• Six distinct leader types during bull and bear markets. Characteristics of winning leader types revealed a strong focus on operational effectiveness, care and development for people and a forward-looking mindset.
  
  
• Companies that invested heavily in strategy and vision-related activities during the Great Recession came out stronger compared to those that didn't change their strategy or even decreased investments in strategy.
  
  
• Only 40% of respondents stated that their strategy is based on an objective view of their business context, suggesting a need to understand more about the market conditions.
  
  
• Our data and interviews with executives revealed five key lessons learned from the Great Recession, which are applicable in today's unfolding events.

The health and safety of our attendees is a top priority for FMI and our event partners. For upcoming in-person events, we''re implementing procedures to minimize physical contact and maximize the health and safety of our attendees.

Upcoming Program Dates:

• Project Manager Academy: October 6-9, 2020 | Denver, CO
• Acquisitions in the Construction Industry: October 7-9, 2020 | Atlanta, GA
• Construction Executive Program: October 13-16, 2020 | Raleigh, NC
• Leadership Institute: October 19-22, 2020 | Florissant, CO

Here''s what we''re doing at our events to keep our attendees safe:

• Adjusting program capacity and modifying seating structures to maintain proper social distancing
• Mask wearing for staff and attendees when social distancing cannot be maintained (masks will be provided)
• Hand sanitizing stations provided
• Daily health screenings for staff and attendees
• Utilizing outdoor space as much as possible across all event sites

"I thought the FMI team was outstanding with

the safety and health aspects."

- Recent Field Leader Institute attendee

Hi Mila,

We''d like to invite you to our upcoming webinar, Paving the Road to Success in an Uncertain Infrastructure Market, you won''t want to miss it!

Join us on Wednesday August 12, 2020 at 2pm ET / 11am PT 

Webinar Information

• Date: Wednesday, August 12, 2020
• Time: 2pm ET / 11am PT

We hope to see you there!

Hi Mila,

We''d like to invite you to our upcoming webinar, Managing Liquidity: How to Survive and Thrive in the Current E&C Environment, you won''t want to miss it!

In this webinar, subject matter experts from FMI and Marsh will share key insights for managing liquidity and allocating resources during the COVID-19 crisis. FMI and Marsh will share specific considerations to help contractors survive in the short-term, "SUSTAIN" current operations and position themselves to thrive in the near future.

Join us on Tuesday April 14, 2020 at 2pm ET / 11am PT to learn:

• Why liquidity is such a critical concern for contractors during this crisis
• How to quantify your access cash from both traditional and non-traditional sources
• The need to conduct scenario planning exercises for cash flow forecasting
• How to prepare for when work resumes and what pitfalls to avoid
• What growth opportunities may become available as a result of the crisis and how to prepare to take advantage
• How to think about liquidity within the context of a Company's strategic plan in a volatile market

Webinar Information

• Date: Tuesday, April 14, 2020
• Time: 2pm ET / 11am PT

We hope to see you there!

In this white paper, we explore the three pillars that underpin a successful design-build approach for E&C companies of all sizes and across all customer verticals. These three pillars-people, processes and infrastructure-apply both to companies that are already in the design-build realm and those that are making their first foray into it. Additionally, differentiating a firm's approach to design-build compared to design-bid-build is a key success factor.

Hi Mila,

Registration is closing soon for our upcoming webinar, Managing Subcontractor Default Risks During COVID-19: Part 4, you won''t want to miss it!

Join us for the fourth webinar in our series on how to manage subcontractor default risks during the COVID-19 crisis. As we continue to adjust to the everchanging impact of this event, we will feature an update on the legal landscape and discuss the impact on subcontractors and how general contractors may need to respond. Our panelists include:

• Greg Chertoff - Co-Managing Director, Peckar & Abramson
• Douglas Schrift - Chief Underwriting Officer, Liberty Mutual Surety
• Shahrokh Shah - Managing Director, BMO Harris Bank
• Michael Ho - Chief Executive Officer, Bespoke Metrics
• Derrick Decloe - Chief Innovation Officer, Bespoke Metrics

Join us on Thursday September 10, 2020 at 2pm ET / 11am PT to hear presenters address the following questions:

• Planning ahead in uncertain times by identifying the challenges and tactics from the Great Recession that can be applied to COVID-19
  
• Examining the impact on credit decisions in light of the evolving financial landscape of subcontractors
• What has been learned from the Bespoke Metrics' COMPASS Pulse surveys and updates in the pre-qualification process

Webinar Information

• Date: Thursday, September 10, 2020
• Time: 2pm ET / 11am PT

FMI has continued to monitor the COVID-19/Coronavirus situation as it relates to mass gatherings and events. We take your health and the health of our colleagues very seriously and will continue to follow all protocols provided by the Centers for Disease Control. As of Friday, May 8, FMI has made the decision to cancel all programs and events scheduled for the month of June. We will reschedule all participants of an FMI program to a future date. Please check back for updates to our programs and events.

For more information, please visit www.fminet.com/COVID-19.

The health and safety of our attendees is a top priority for FMI and our event partners.

For upcoming in-person events, we''re implementing procedures to minimize physical contact and maximize the health and safety of our attendees.

Here''s what we''re doing:

• Adjusting program capacity and modifying seating structures to maintain proper social distancing
• Mask wearing for staff and attendees when social distancing cannot be maintained (masks will be provided)
• Hand sanitizing stations provided
• Daily health screenings for staff and attendees
• Utilizing outdoor space as much as possible across all event sites

"I thought the FMI team was outstanding with

the safety and health aspects."

- Recent Field Leader Institute attendee

Hi Mila,

We''d like to invite you to our upcoming webinar, FMI's Heavy/highway Construction Outlook: Preparing for the "Post-Coronavirus" Market, you won''t want to miss it!

In the midst of the significant turmoil of the last few months, most industry leaders remain reasonably confident in their outlook for 2020. However, many are equally uncertain about 2021 and 2022. This session will provide FMI's Outlook for heavy and highway construction markets considering the potential economic impacts from the Coronavirus. We'll present the key economic and market conditions that will likely shape these markets over the next several years and how you can act now to prepare for the post-coronavirus market.

Join us on Wednesday May 6, 2020 at 2pm ET / 11am PT to:

• Explore key insights into the current landscape of the Heavy Civil market
  
• Get advice on how to manage risks after the COVID-19 crisis
• Learn how decisions made today will set the stage for 2021 and beyond

Webinar Information

• Date: Wednesday, May 6, 2020
• Time: 2pm ET / 11am PT

We hope to see you there!

Lead better and boldly. Collaborate with E&C leaders across the U.S. and beyond.

E&C companies need strong leaders to navigate this choppy industry climate. FMI has expanded its programs to meet the growing demand for virtual training.

FMI now offers engaging, interactive virtual leadership development and training programs, in the safety and comfort of your home or office. 

"From the first 10 minutes, I saw - this isn''t a webinar, this is much, much different. We''re going to actually interact with each other."

- Virtual Emerging Managers Institute attendee

We''re ready to develop the next generation of E&C leaders in a virtual environment.

Your company needs your leadership - are you ready?

Upcoming Live FMI Professional Development Programs:

• Leadership Institute
• Project Manager Academy
• Construction Executive Program
• Emerging Managers Institute
• Field Leader Institute

Upcoming Live FMI Professional Development Courses:

• Acquisitions in the Construction Industry
• Leading Operational Excellence
• Market & Selling Strategies
• Construction Selling Skills

In this report, we present the second quarter 2020 CIRT Sentiment Index?a survey based on input from members of the Construction Industry Round Table (CIRT). The latter is composed of approximately 125-130 CEOs from the leading architectural, engineering and construction firms doing business in the United States.

This quarter's questions polled CIRT membership closely around the effects of COVID-19, including metrics around business and project scheduling, workforce reduction, and changes in price and availability of supplies.

Key findings from this quarter's survey include:

• Results show an unprecedented plunge in both the CIRT Sentiment Index and Design Index.

• Among the segments and industries represented by CIRT's member base, institutional and infrastructure sector performances suggests short- and long-term resiliency compared to other segments.

• Overall, respondents are feeling significant uncertainty in the industry and found it difficult to keep up with the range of local- and state- restrictions.

View our latest content pieces to help you navigate the COVID-19 crisis.