by Simplar | Jan 14, 2021 | Current Events/Interests, Current Events/Interests
Reality Check #3 Risk Mitigation in Growth Markets In 2014 We Cautioned… “Our studies reveal a very disheartening fact: Success in the construction industry, even for very long periods, doesn’t guarantee continuing success. In fact, the study indicates clearly...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Construction’s “No-Win” Risk Management/Transfer A survey of 125 construction owners by Engineering News Recordfound that only half would hire the same construction firm again, a third of all projects were over budget, nearly half were completed late, and 13% were...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk Minimization (Part 2) In last week’s blog, Construction’s No-Win, research data led us to the conclusion that risk cannot be effectively transferred in contract negotiations and that only highly competent contractors can manage risk for all stakeholders. “Risk...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
The Surety Construction’s “Sports Book” Sureties operate the “sports book” for the construction industry. They handicap risk by setting rates and issuing bonds. They “book” the contractor’s bet that he will complete a project as contracted. They “set the line”....
by Simplar | Jan 14, 2021 | Growth
Key Personnel Retention Growth Risk Factor Four Thirty years of research into the causes of contractor failure has revealed that when companies aggressively participate in growth construction markets, they encounter five recurrent and industry-wide elements of risk...
