by Simplar | Feb 9, 2023 | Built Environment, Partnering, Planning, PM, Risk Management, Risk Management, Risk Management, Weekly Construction Message
What a Crazy Business Thomas C Schleifer, Ph.D. In this year’s opening blog series, we have been discussing the elevated risk level caused by COVID induced cost inflation, labor shortages, supply chain snags, and a potential recession that may result from the Fed’s...
by Simplar | Oct 20, 2022 | Built Environment, Business of Construction, Facility Management, Organization Transformation, Organizational Change Management, Organizational Change Management, Organizational Change Management, Partnering, Planning, PM, Procurement, Project Delivery, Risk Management, Risk Management, Risk Management, Risk Management, Weekly Construction Message
IF Thomas C Schleifer, Ph.D. It is somehow comforting when other experts confirm your view of the world. Just this week in Engineering News Record: ENR October 12, 2022 Construction Wages Grow at Fastest Rate in Decades Despite Recession Threat By James Leggate...
by Simplar | Nov 17, 2022 | Built Environment, Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
Cash is King Thomas C Schleifer, Ph.D. For the duration of this disrupted market and potential for recession, move cash flow management to the top of your CFO’s priority list and leave it there. Contractors rarely have enough cash on the balance sheet to see them...
by Simplar | Nov 3, 2022 | Built Environment, Business Failure, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
CLEAN UP YOUR BOOKS Thomas C Schleifer, Ph.D. While operating the nation’s largest workout firm for sureties, I had occasion to audit the financial statements of hundreds of construction companies that had failed mid-project. While the causes of those failures varied...
by Simplar | Oct 27, 2022 | Built Environment, Business of Construction, Leadership, Leadership, Leadership, Leadership
Consolidation Thomas C Schleifer, Ph.D. This post-COVID economic environment is not a normal market. It is a disorderly market that will haunt construction for years. I digressed from my usual reflections last week to encourage industry professionals to change their...
