by Simplar | Jan 14, 2021 | Labor & Labor Issues, Labor & Labor Issues
Reality Check – Construction Labor Shortage Since construction began emerging from the depths of the 2009-2010 recession, we have been cautioning the industry against the dangers hidden in the euphoria of growth during market recoveries and it’s effect on...
by Simplar | Jan 14, 2021 | Labor & Labor Issues
“Help Wanted, Work Boots and Skills Provided” Shortage of Skilled Labor The shortage of skilled labor is one of the major risk factors in the current resurgent construction market. The temptation to eagerly participate in a market upswing (that had contracted by...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning
Fixed-Price Rest In Peace An article in The Engineering News Recordforetells the ultimate demise of fixed-price contracts: SNC-Lavalin Fixed-Price Exit Could Boost Rival July 27, 2019 ENR, Debra K. Rubin Canadian design-build giant SNC-Lavalin Group Inc. said on...
by Simplar | Jan 14, 2021 | Financial Management and Risk, Financial Management and Risk
Sources and Uses of Funds In our ongoing discussion of risk throughout 2018, the multiple risk factors identified boiled down to one core flaw that brought down the majority of failed contractors – a shortage of capital. For one reason or another, the failed...
by Simplar | Jan 14, 2021 | Productivity
Productivity A Risk Factor Our ongoing discussion of Risk has led us to take a look at labor productivity. One of the most important factors in accurate estimating, planning, and executing profitable contracts is forecasting a productive labor force that can produce...
