by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk is Not a Dirty Word Over the last thirty years I have conducted literally hundreds of seminars with construction professionals covering an array of issues concerning the business of contracting. Along the way I have noticed that whenever I bring up risk, the...
by Simplar | Jan 14, 2021 | Productivity
Productivity A Risk Factor Our ongoing discussion of Risk has led us to take a look at labor productivity. One of the most important factors in accurate estimating, planning, and executing profitable contracts is forecasting a productive labor force that can produce...
by Simplar | Dec 14, 2023 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Every bet has a winner and a loser. The bookie always wins a little, but the bettor often loses a lot. What’s the difference? The Recognition and Management of Risk. Risk Recognition Both the bookie and the bettor recognize that every bet has a winner and a loser....
by Simplar | Nov 9, 2023 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
Our ongoing discussion on the importance of managing the flow of cash into and out of a construction contractor’s balance sheet identified the two major financial risk factors that contractors face: (1) a chronic shortage of working capital; and (2) a highly...
by Simplar | Nov 2, 2023 | Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
The first rule in both baseball and golf is keep your eye on the ball. The best hitters in baseball say they can sometimes actually see the ball hit the bat. Ben Hogan, one of golf’s greatest, claimed that the visual image that stayed with him after he hit a …...