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Related Links: Beware the Recover: What History Teaches Prospering in Cyclical Markets In 2000, I wrote that the number of existing general contracting enterprises would be reduced by 20% by 2020. Recently, I started to update my research for the years 2003 to 2012. At first, it looked like I was wrong because, leading up to 2008, mergers and acquisitions slowed. However, the recession brought changes.From 2008 to 2012, the entire construction industry shrank by 19.6%. During the slowdown, larger general contractors held on to more market share than smaller ones. ENR's top 100 contractors declined only 14.5%, and the
Related Links: Practical Wisdom: Blog Post by Sharpe and Schwartz Ingenuity is an integral aspect of engineering. In fact, "ingenuity" and "engineering" are linked etymologically. However, it seems to me the latitude for engineers to inject imagination and creativity into their work has been steadily diminishing. Why is this happening? Greek philosophers recognized three distinct knowledge categories:"epistime," knowing that something is the case; "techne," knowing how to achieve a predefined outcome; and "phronesis," knowing how to act in a contextually sensitive, appropriate way.The first survives today in terms like "epistemic" (of or having to do with knowledge) and "epistemology" (the
Readers love a rescue drama and Neil Swidey’s new book, "Trapped Under the Sea" (Crown, $26), is an unforgettable review of how the final stages of the cleanup of Boston Harbor in 1999 turned into a disaster that killed two divers.
Related Links: Safety Week Construction Deaths, Fatality Rate Climbed in 2012 Leaders of 31 major construction firms agree that safety should not be proprietary. They are offering their ideas about how to make the industry a safer place to work by launching the first annual "Safety Week" on May 4-10, and they encourage large and small contractors across the country to join them in elevating and celebrating safety.These firms belong to either the Construction Industry Safety Initiative or the Incident and Injury Free Executive Forum. The companies in the groups can be fierce competitors, but they also meet regularly and