Monday Jun 24, 2013
- Tuesday Jun 25, 2013 -
Philadelphia, Pennsylvania - USA
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Mark Bridgers is a consultant to the design and construction industry and leads a Utility Vertical Market team. He works primarily with gas/electric utilities to support the planning, design, and construction of capital assets. In addition, he frequently works with the service providers to these firms including overhead or pipeline contractors, engineering firms, and value added material and equipment suppliers. As a recognized expert in capital construction and operational challenges, Mark was recently honored with membership in the Society of Gas Operators (SOGO).
Mark helps firms prepare for and successfully navigate “strategic transitions,” often by undertaking an organizational analysis of these firms, reviewing construction cost management efforts, diagnosing accounting and financial issues, and strategy development. Typical projects include strategic plan design; financial performance analysis; development and implementation of tools to reduce construction cost, life-cycle cost, and operational friction; restructuring of processes and procedures - often times using LEAN Construction techniques; and leader development. He is a specialist in the management of capital construction risk, author of Beyond the Bell Curve – A Report on Managing Capital Project Risk, and consultant to firms interested in mitigating infrequent and high-impact risks. His passion is helping organizations achieve breakthrough innovations through collaborative or integrated relationships. He is the architect of an approach to design and implement what is referred to as the “Extended Enterprise” among owners and A/E/C industry participants.
Mark is an avid educator, trainer, and writer with more than 20 years of industry expertise including strategy development, financial engineering, surety bonding, and reinsurance experience. His in-depth knowledge of the energy markets, electric/gas utility concerns, financial topics, and the surety and reinsurance markets — combined with his ability to convey difficult construction, insurance, and financial topics to laypeople and professionals alike — makes him an enthusiastic and exciting speaker. His North American speaking includes the American Gas Association (AGA), Edison Electric Institute (EEI), Power/Coal Gen, the Construction Users Roundtable (CURT), Utility Supply Management Alliance (USMA), Electric Power Conference, Distribution Contractors Association (DCA) and National Utility Contractors Association (NUCA) among others.
Mark is author of over one hundred articles and research papers published internationally in industry journals and peer reviewed periodicals, including ENR, PE-The Magazine for Professional Engineers, Underground Contractor, and Electric Perspectives. He is frequently quoted on construction industry topics, including in the Wall Street Journal. Mark holds a master’s degree in business administration from the University of Virginia‘s Darden School and a bachelor’s degree in financial management from Clemson University. He has earned the titles of Chartered Property & Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe).
He can be contacted by email at mbridgers@ContinuumAG.com, followed on Twitter @MarkBridgers, via phone at (919) 345-0403 or by writing to him care of Continuum Advisory Group, P.O. Box 31026, Raleigh, NC 27622. For more information on Continuum, visit www.ContinuumAG.com.
American infrastructure, particularly power infrastructure, faces a host of self-imposed and external challenges that will impact design and construction activity over the next 2-3 years. As pressure mounts to jumpstart economic activity and resolve the financial turmoil, many eyes look to Washington and state capitals for infrastructure-related solutions.
Credit crisis. Economic stimulus package. Housing slump. Infrastructure spending. Recession. There is both good and bad news on the horizon and unfortunately, 2009 will likely hold more bad than good for power utility-related construction. What is not in doubt is that 2009 will be a year of change.
The utility construction market can expect growth rates in every segment in 2008 that will exceed both gross domestic product (GDP) and inflation. (See Exhibit 1.) Despite the decidedly positive outlook, financing remains a constraint on utilities' capital spending as debt markets tighten and the global economy slows its growth.
The economic outlook for utility contractors is positive with growth rates in every segment exceeding both gross domestic product (GDP) and inflation. The demand for this type of construction, however, is largely unmet due to financing constraints and structural barriers in the various markets indicating further acceleration potential.
The economic outlook for utility contractors is mixed. Power related segments will see dramatic increases in construction spending; telecommunications spending will experience modest growth across the country with selected geographies experiencing strong growth; and water/wastewater and sewer will exhibit more modest growth due to constraints in available funding.