by Simplar | Jan 17, 2025 | Business, Strategic and Project Planning, Project Selection, Project Selection, Risk Management, Weekly Construction Message
Profitability in construction begins with project selection. Ours is the only industry that signs a binding contract to sell our service for a fixed price, not knowing exactly what it will cost to provide that service. What’s worse, we bid in a highly...
by Simplar | Jan 9, 2025 | Built Environment, Business Development, Business of Construction, Financial Management and Risk, Financial Management and Risk, Growth, Leadership, Weekly Construction Message
Profit is Our Theme for 2025 Construction industry profit margins are too low. The financial risk we take is too high. Too many competent contractors fail without warning. We need to improve our business management practices this year to improve margins and reduce...
by Simplar | Jan 9, 2025 | Built Environment, Business Development, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Leadership, Weekly Construction Message
Looking Ahead to 2025 Thomas C Schleifer, Ph.D. These are the topics we will be discussing in 2025. We’ll be diving a little deeper and our treatment of each topic will be more granular. See you next year. Marketing Reputation Market segmentation Owner...
by Simplar | Dec 18, 2024 | Built Environment, Business of Construction, Weekly Construction Message
My final thoughts for 2024. As this year nears its end, I am quite surprised. It may be my age, but I feel as if 2024 slipped away almost unnoticed. I thought we might pause, take a breath, and review what we have shared this year. Overview It is my … Read the...
by Simplar | Dec 12, 2024 | Built Environment, Business of Construction, Leadership, Leadership, Leadership, Weekly Construction Message
A leader, as opposed to a manager or “boss”, has a formidable responsibility to not only manage the current business, which generates significant revenue and needs continual incremental innovation to hit short-term success targets, but also to champion...
