PCCA Journal 2nd Quarter 2014 - page 17

PCCA Journal|2
nd
Quarter 2014
17
innovative contractors thrive:
1. Strategic Thinking:
Picking the right geographies, market
segments, customers, and service types will prove critical,
and applying strategic thinking techniques to this chal-
lenge is a powerful solution.
2. Skill Building:
Given the various types of scarcity, and
particularly labor scarcity, building internal skills through
training can provide the stamina needed in a challenging
environment. Three types of training:
Technical,
Management, and
Cross Functional are necessary.
3. Embrace Innovation, Disruption, and Scarcity:
Three
areas require particular attention.
Integration of communication and asset management
technology into design and construction,
4D and 5D design and construction preparation tech-
niques, generically referred to as Building Information
Modeling (BIM), and
Integrated project delivery techniques.
Utility capital asset owners, facility operators, and utility
construction service providers must pick the right markets,
build their skills, and embrace scarcity for the opportunities
it presents to cause the feelings of optimism to come to frui-
tion.
Mark Bridgers and Nate Scott are consultants with Continuum
Advisory Group, which provides management consulting,
training, and investment banking services to the worldwide
utility and infrastructure construction industry. They can be
reached at (919) 345-0403 or
or
followed on twitter at @MarkBridgers. For more information
on Continuum, visit
Notes
1.
“Civilian Labor Force Participation Rate,”Bureau of Labor Statistics, October 1, 2013.
2.
“Current Population Survey,”Bureau of Labor Statistics.
3.
“Electric Power Monthly,”U.S. Energy Information Administration, September 30,
2013.
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