by Simplar | Jan 14, 2021 | Business Failure
“How did you go Bankrupt?” “Two Ways…gradually…then suddenly.” (The Sun Also Rises, Ernest Hemingway) Subject: financial planning Ernest Hemingway, apparently knew more about business failure than some executives, scholars, and politicians gathered around the recent...
by Simplar | Jan 14, 2021 | Equipment Management, Equipment Management
Subject: Purchase price vs real price This $250,000 Dozer Is Not FREE I was looking for holes. As a salvage expert working for sureties who were exposed to enormous losses by sudden contractor failure, I was completing jobs across the country and at the same time...
by Simplar | Jan 14, 2021 | Risk Management
Subject: the role of sureties You Can’t be a Surety So Learn to Act Like One Thirty years of accumulated study as a contractor, work-out specialist, consultant, and research professor have verified the following realities about risk in the construction industry:...
by Simplar | Jan 14, 2021 | Labor & Labor Issues
ALERT Without Skilled Labor YOU’RE OUT OF BUSINESS The skilled labor shortage plaguing the construction industry has reached crisis proportions. Wall Street Journal – July 2018 A recent Wall Street Journal article by Laura Kusisto reported: “Construction lost...
by Simplar | Jan 14, 2021 | Developer Delimas/Issues, Developer Delimas/Issues
Developer’s Dilemma “This Financing Doesn’t Fit” Warren Buffet once famously quipped, “I wear expensive suits. They just look cheap on me.” Traditional developer debt financing is a long-standing, robust banking product that has helped fuel the building of America....
