by Simplar | Sep 26, 2024 | Built Environment, Business of Construction, Financial Management and Risk, Uncategorized, Weekly Construction Message
I have often said that the first sign that a young contractor is developing business acumen is when they hire their first CFO. If you’re operating any size construction business larger than $5 million annual turnover you must have a professional CFO. Period. No...
by Simplar | Jan 5, 2023 | Built Environment, Business of Construction, Facility Management, Organization Transformation, Project Delivery, Risk Management, Risk Management, Risk Management, Risk Management, Weekly Construction Message
CFOs Tackle Supply Chain Thomas C Schleifer, Ph.D. Welcome to 2023. The turning of the calendar page is an artifice that has taken on unrealistic significance. We’re all happy 2022 is over and believe that 2023 will be a “new year”. In business, that of course is...
by Simplar | Jul 28, 2022 | Business of Construction, Financial Management and Risk, Organization Transformation, Weekly Construction Message
The CFO Risk Manager Dr Thomas C Schleifer Contractors are professional gamblers who place big bets that they can profit from complex transactions that often take years to complete. If they’re operating in familiar stable markets, they believe they can win the...
by Simplar | Oct 10, 2024 | Business Development, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Do not be misled. Construction contractors are not manufacturing structures, or highways, and selling them to ultimate owners one piece at a time. We are selling construction services, much like business consultants are selling information services or law firms are...
by Simplar | Oct 3, 2024 | Built Environment, Business of Construction, Organization Transformation, Uncategorized, Weekly Construction Message
The process of building an organization that can execute profitable construction contracts sometimes begins with asking your spouse to answer the phone two days a week. Regardless of how incidental it may feel, every time you hire new personnel you are building your...
