by Simplar | Nov 13, 2025 | Business Failure, Business Failure, Financial Management and Risk, Financial Management and Risk, Risk Management, Weekly Construction Message
Managing Capital Risk Recognizing the reality that there are multiple types and magnitudes of capital risk in construction is the first step in risk management. You may be familiar with the term risk prevention, but in fact, we can’t prevent risks from...
by Simplar | Oct 30, 2025 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Weekly Construction Message
I have been wrong in my criticism of contractors for ignoring financial statements in the day-to-day running of their businesses. Their instincts, as it turns out, have served them well. They saw something flawed in relying on interim financial statements that were...
by Simplar | Oct 23, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Leadership, Risk Management, Risk Management, Weekly Construction Message
Businesses fail for any number of reasons but rarely is it a surprise to management. Only construction companies seem to experience sudden collapse when they unexpectedly run out of cash. The element of surprise expressed by most of the failed contractors I worked...
by Simplar | Aug 14, 2025 | Built Environment, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
I’ve been a management consultant to the construction industry for 40 years. I have taught construction business management at some of the nation’s best construction universities. I have spoken at literally thousands of construction industry conventions. In all...
by Simplar | Aug 7, 2025 | Built Environment, Business Development, Business Failure, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Growth, Leadership, Weekly Construction Message
In last week’s message I closed my eyes and dropped a bomb. Did you hear it? If not, I suggest you go back and reread last week’s message. For me to admit to my readers that construction financial accounting is, to a large degree inaccurate, is I assure...
