Bibby Finance Bibby Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Thu April 26 2018

Related Information
Related Information
Related Information
Related Information

News » UK » Contractors advised to thin out middle management » published 14 Dec 2017

Contractors advised to thin out middle management

A firm of management consultants is advising construction companies to sack their middle managers and flatten their operating structures to cut costs.

An analysis of the UK construction industry by FTI Consulting has found that as construction companies get larger, their profit margins diminish. One of the causes is failure to manage risk as the company grows.

FTI makes several recommendations for construction companies to improve their profitability, including redesigning their bid process to assess and price risks appropriately and also cutting the number of suppliers.

It also recommends reducing middle management layers and delegating authority at middle management layers.

FTI Consulting’s paper, Is the construction industry ripe for a new operating model? is available online here.

 

 

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 14 Dec 2017 (last updated on 14 Dec 2017).

More News Channels