Construction consulting company FMI Corp. will present “Why Contractors Fail: The Icarus Effect” to the Construction Management Association of America’s North Carolina chapter tomorrow in Raleigh, N.C.
The presentation will delve into the deeper reasons projects do not pan out, said Mark Bridgers, who will speak at the event.
“The phrase ‘too big to fail’ has been used to describe large banks whose failure would cause a chain reaction among other banks and financial institutions in their network,” Bridgers said. “The Federal Reserve Bank’s support for Bear Stearns’ acquisition confirmed the existence of the theory that it is in the best interest of the national economy for the Fed to assure that these banks do not fail. Yet recent history has shown that construction firms are not too big to fail even though they may have annual revenues ranging from hundreds of millions to several billions of dollars.”
For more information, visitwww.fminet.com.