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 | Jun 11, 2026 | Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
The unique nature of the construction financial transaction (total revenues contracted for rather than collected at the point of sale) demands that the three traditional financial statements we have been discussing these past weeks be prepared using the percentage of...
by Simplar | Oct 2, 2025 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Risk management begins with recognition, proceeds to evaluation, and ends with a detailed mitigation plan. This analytical process should begin at the project selection stage. After a contract is signed and a project is underway, if there is a negative impact from the...
by Simplar | Sep 25, 2025 | Built Environment, Business of Construction, Business, Strategic and Project Planning, Labor & Labor Issues, Leadership, Leadership, Organizational Change Management, Project Selection, Risk Management, Risk Management, Weekly Construction Message
Construction is a risky business. Diving from the springboard of project selection into the deep end of the risk pool immerses the contractor in a virtual ocean of risk factors. Like Football games, project financial risk can only be effectively managed before...
by Simplar | Mar 6, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Risk Management, Risk Management
Financial risk is embedded in the nature of construction transactions. Project risk management begins during project selection. Signing a legally enforceable performance contract, for a complexity of services, to be delivered over an extended period, is a high-risk...
