Michael Cox served as the COO of Austin Industrial, a company based in Houston, Texas, specializing in construction and maintenance services for two years. Prior to his business career, he was in the military and earned several Naval certifications, including the US Navy Sailor of the Year – Underwater Construction Team 1. Since February 2020, Michael Cox has been president of Mesa Line Services in Houston, Texas, overseeing infrastructure development in the heavy utility contracting firm.
Utility contract/construction is experiencing steady growth, of which modern technologies, processes, and equipment are the primary drivers. However, with new developments come emerging challenges. Some of them include:
Exponential expansion of prevalent technologies
At the moment, it is just not enough to base utility contract practices on tried-and-true processes with a slight increase in performance for every use case. Fundamental technologies in the industry now have a broader rate of expansion. Soon, the practice could witness elaborate changes, with novel technology concepts taking the front lines.
An uptick in prices
Utility infrastructure investments remain generally neutral across a significant part of the world. However, investors might have to contend with increased work opportunities and scarce labor in the future, and activities could be at the mercy of uncertain economic and fiscal behavior.
Robust employee-centric measures
With lower unemployment rates, employers will need to address employee retention. Utility contracting firms will likely need to bolster their employee management systems, improving employee benefits, work schedules, and general workforce wellbeing.
Utility contract/construction is experiencing steady growth, of which modern technologies, processes, and equipment are the primary drivers. However, with new developments come emerging challenges. Some of them include:
Exponential expansion of prevalent technologies
At the moment, it is just not enough to base utility contract practices on tried-and-true processes with a slight increase in performance for every use case. Fundamental technologies in the industry now have a broader rate of expansion. Soon, the practice could witness elaborate changes, with novel technology concepts taking the front lines.
An uptick in prices
Utility infrastructure investments remain generally neutral across a significant part of the world. However, investors might have to contend with increased work opportunities and scarce labor in the future, and activities could be at the mercy of uncertain economic and fiscal behavior.
Robust employee-centric measures
With lower unemployment rates, employers will need to address employee retention. Utility contracting firms will likely need to bolster their employee management systems, improving employee benefits, work schedules, and general workforce wellbeing.
