by Simplar | Jun 2, 2021 | Business Development, Business Development, Business Development, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
My overview of the construction industry breaks down the management function into three broad categories: 1. Getting the work 2. Doing the work 3. Accounting for the work. The Chief Financial Officer’s (CFO’s) role in “Accounting for the work” is...
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 31, 2024 | Business of Construction, Financial Management and Risk, Weekly Construction Message
Contractors usually start out as closely held companies that grow their business gradually over time. Many have formal education as engineers or constructors, but rarely do they have any business education or experience. Their first bookkeeper is often their spouse or...
