by Simplar | Jan 14, 2021 | Financial Management and Risk
Liquidity If I learned anything from ten years operating the world’s largest workout firm for sureties engaged in construction bonding, it’s that liquidity (or the lack thereof) is the most important predictive metric on a construction company’s balance sheet....
by Simplar | Jan 14, 2021 | Financial Management and Risk
The Flash Report Last week I highlighted the critical day-to-day usefulness of liquidity ratios in alerting a CEO that he might be flirting with financial difficulty. Today I would like to back up and take a look at the bigger picture – the CFO’s critical role...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Best Value Construction’s Six Sigma In the 1980s, 37% of all construction projects reported major defects. 37%!!! No manufacturing company would survive a 37% defect rate. By the 1990s, the construction industry suffered 33% of construction projects over budget and...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk Encounter Project risk in construction is defined in basic terms as unplanned cost or schedule changes that crop up during a construction project. Unplanned cost and schedule changes are ubiquitous in construction and have led to a universally negative...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Pre-Contract Planning Detailed project planning prior to contract award is not as common in construction as you might think. Research reveals that traditional procurement processes typically select a contractor and move directly into contract award without any formal...
