by Simplar | Apr 20, 2023 | Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Weekly Construction Message
Working Capital Engineers Thomas C Schleifer, Ph.D. No sane construction professional would prepare a bid or start a job without input from the estimators, designers and/or engineers, and project managers.Ā After scrutinizing specifications and understanding quality...
by Simplar | Apr 13, 2023 | Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Growth, Growth, Weekly Construction Message
Managing Working CapitalĀ Thomas C Schleifer, Ph.D. As we noted last week, the primary cause of construction business failure is running out of money. Why when contractors run out of money is it so often a surprise? Financing Growth Ā American industry is addicted to...
by Simplar | Jun 30, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Facility Management, Leadership, Leadership, Weekly Construction Message
In a study of thousands of construction company audited financial statements testing the profit projected on work in progress (WIP) reports over five years to the final reports of completed project profits, I found the average difference to be a little over 1% profit...
by Simplar | Jun 23, 2021 | Business Development, Business, Strategic and Project Planning, Leadership, Leadership, Weekly Construction Message
This blog is the culmination of our series on the CFO’s role in the management of construction companies. I have been attempting to lay out the “Best in Class” management practices that apply to the CFO. The feedback from the accounting profession...
by Simplar | Nov 7, 2024 | Built Environment, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Project Selection, Risk Management, Weekly Construction Message
A Case Study I was very young when I found myself running the field operation of the contracting firm my brother and I started. After a number of years, we were the successful bidder on a church nearby. We diligently submitted our first payment requisition to the...
