Growth despite recession

摘要

When CSE asked the MEP Giants, "What were the biggest corporate challenges facing you during the 2008 fiscal year?" 70% of the firms pointed to the economy's impact on the construction market. Despite the difficult fourth quarter, seven of the top 10 MEP Giants grew in 2008. CSE sent questions to the seven, and four responded. Here's a summary of what they said.rnDiversity for types of projects, clients, and geography proved important because the recession did not hit all markets in 2008. "We have been fortunate in that the combination of the market sectors where our highest volumes of work occur (healthcare, higher education, and sports and leisure) have remained fairly robust, our geographic locations across North America have coincided with regions that have stronger economic health," said Greg McPhee, PE, LEED AP, vice president, buildings engineering, Stantec Inc., Edmonton, Alberta. According to Keith Lord, CFO/Managing Principal, R.G. Vanderweil Engineers LLP, Boston, "We have done more international work over the last couple of years and that has helped us grow our revenue and backlog."