by Simplar | Feb 28, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Recognizing and assessing financial risks before you sign a construction contract is not an exercise you can ignore. Let’s take a quick look at how a regional contractor uses last week’s Probability and Impact Matrix in everyday business. Risk Factors...
by Simplar | Feb 24, 2021 | Risk Management, Weekly Construction Message
The Contract: A Risk Management Tool Deviation from Plans or Specification Disputes Contracting is a risky business. Construction projects are high cost, complex team efforts that play out over an extended time period (often many years) with plenty of financial risk...
by Simplar | Aug 27, 2026 | Business Development, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Growth, Weekly Construction Message
A strategic plan establishes ambitions such as profitable growth, stronger safety performance, improved schedule reliability, or expansion into new markets. However, those ambitions will remain broad statements unless managers and employees understand how their daily...
by Simplar | Jul 30, 2026 | Financial Management and Risk, Financial Management and Risk, Project Selection, Project Selection, Risk Management, Risk Management, Weekly Construction Message
Vacation schedules have interrupted our strategic planning series, so we are repeating an important message on risk. If risk recognition and assessment is so fundamental to the construction transaction, why do so few contractors engage in formal risk management? As I...
by Simplar | Jul 24, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
The management of working capital in a construction company begins with a job-by-job cash flow plan. The individual cash flow plans are then consolidated into the monthly cash needs forecast. That forecast is revised regularly by the Chief Financial Officer as...
