Managing Working Capital
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 Capital 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 American industry is addicted to...WIP Accounting – Critical and Often Misunderstood
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...The King of Cash
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...Old Beliefs = New Risks
by Simplar | Feb 8, 2024 | Business Failure, Business, Strategic & Project Planning, Weekly Construction Message
This year we have been examining the reality that our beliefs impact our business decision making. From the very beginning as children, we lay down little truths in our brain stem that never again come up for examination. This is how the human brain helps the race...Search Past Blogs by Keywords
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