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 | Jul 18, 2024 | Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Weekly Construction Message
… Read the rest “Step-by-Step Cash Flow Management”
by Simplar | Feb 8, 2024 | Business Failure, Business, Strategic & Project Planning, Weekly Construction Message
This year we have been examining the reality that our beliefs impact our business decision making. From the very beginning as children, we lay down little truths in our brain stem that never again come up for examination. This is how the human brain helps the race...
by Simplar | Oct 19, 2023 | Business of Construction, Project Delivery, Risk Management, Risk Management, Weekly Construction Message
The two major risk factors built into contracting: 1) Chronic under-capitalization 2) Highly complex transaction Chronic Under Capitalization Every contractor I have worked with over these past 40 years has been plagued by cash flow problems at one time or another....
by Simplar | Sep 20, 2023 | Business Failure, Business Failure, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Partnering, Planning, PM, Weekly Construction Message
Risk Mitigation Thomas C Schleifer, Ph.D. Thirty-five years ago, I initiated research that resulted in ranking construction contracting #2 in business failure rate (restaurants are #1). That data inspired me to begin ongoing research into the causes of construction...
