by Simplar | Jan 14, 2021 | Cash Flow (Getting Paid)
Capital Preservation During This COVID Downturn Getting Paid on Time Late Payments Are Every Contractor’s Nightmare Last week we began a discussion on the importance of your firm’s capital position as this latest COVID-caused market downturn unfolds. When you ask...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Capital Reserves Contractor’s Last Line of Defense For the past three weeks we have been discussing the nature of capital reserves and their importance to contractors trying to manage through the depth and breadth of the current COVIDeconomic downturn. Construction...
by Simplar | Jan 14, 2021 | Cash Flow (Getting Paid)
Capital Management Part 4 Financial Capacity When Babe Ruth was asked how he used to hit his way out of a batting slump, he replied, “I remembered to keep my eye on the ball.” This series of blogs on capital management are intended to be a reminder to construction...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Profitability Equals Viability Dateline: Engineering News Record, August 26, 2020, Debra K. Rubin and Peter Reina “…As it moves away from lump-sum contracting, in the wake of project charges and recent quarter losses to focus on higher-margin...
by Simplar | Jan 14, 2021 | Leadership
Beyond COVID-19 I’ve been ringing the “fire bell” constantly since this COVID-19 pandemic broke out in March, and I’m getting tired of hearing my own cautionary tale. This week, I’m making the assumption that construction professionals, now alerted, have taken...
