#METALMARKETUPDATE – NOVEMBER ’23
In October 2023, the ISM Manufacturing Index (PMI) decreased to 46.7, down from the 10-month high of 49 in the previous month, falling significantly below the expected value of 49.…
Tag: project management
TRUST BUT VERIFY
“TRUST BUT VERIFY” ~Russian proverb, popularized by Ronald Reagan Most field repair companies choose to hire the best leadership and craft. Having top talent in the field on complex projects…
Shell Length for Internal/External Pressure
When designing a cylindrical shell for internal pressure, the basic variables needed are the diameter, pressure, material allowable stress, and weld efficiency. The length of the shell is not a…
#METALMARKETUPDATE – OCTOBER ’23
The ISM Manufacturing Index (PMI) for September 2023 showed a notable increase to 49, up from 47.6 the previous month. This exceeded market expectations set at 47.8 and indicated the…
T&M Estimates vs. Quotes – how to avoid projects where change orders are larger than the original contract value.
Anyone reading this newsletter is likely no stranger to the need to get quotes for work that is needed. Whether for a home remodel or a multi-million dollar turnaround, a…
#METALMARKETUPDATE – September ’23
In August 2023, the ISM Manufacturing Index (PMI) increased to 47.6 from the previous month’s 46.4, slightly surpassing the market’s expected value of 47.0. Nevertheless, this figure still indicated that…
