by Simplar | Jun 18, 2026 | Business, Strategic & Project Planning, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
Managing a day-to-day construction business using the three traditional financial statements alone leaves an important financial metric (Cash Flow) difficult to determine accurately on a real time basis. Using the percentage of completion accounting method results in...
by Simplar | Apr 7, 2021 | Leadership, Leadership, Weekly Construction Message
Advise and Consent Utilizing a Board of Directors/Advisors Because the construction industry is largely made up of “closely held” companies, it is rare to find a board of directors assisting and advising a construction company. Closely held corporations...
by Simplar | Jun 25, 2026 | Business Failure, Business Failure, Financial Management and Risk, Financial Management and Risk, Risk Management
The instrument rated construction company financial management that we have been discussing these past few weeks is not simply a metaphor. Most of the contractors that failed mid-project when my company was completing construction projects for sureties were surprised...
by Simplar | Jul 2, 2026 | Financial Management and Risk, Financial Management and Risk, Risk Management, Weekly Construction Message
The unique complex nature of the construction financial transaction cannot be overstated. I make this point repeatedly because my experience working with contractors is they do not see the complexity of the business of contracting the same way I do. The unfortunate...
by Jake Smithwick | Jun 22, 2026
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