by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
The Surety Construction’s “Sports Book” Sureties operate the “sports book” for the construction industry. They handicap risk by setting rates and issuing bonds. They “book” the contractor’s bet that he will complete a project as contracted. They “set the line”....
by Simplar | Jan 14, 2021 | Growth
Key Personnel Retention Growth Risk Factor Four Thirty years of research into the causes of contractor failure has revealed that when companies aggressively participate in growth construction markets, they encounter five recurrent and industry-wide elements of risk...
by Simplar | Jan 14, 2021 | Growth
Cash is Slippery For the past few months we have been dealing with the risk factors hidden in growth markets and the risk mitigation techniques that construction management might employ. Now it is time to cut to the chase and identify the mother of all risk –...
by Simplar | Jan 14, 2021 | Business Failure
Current Construction Recovery Top Line vs. Bottom Line Since 2012 the construction industry has been enjoying a robust recovery. In this blog I have been alerting contractors to the business risks hidden in the euphoria of construction market upswings. Now that we...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning
Expertise Project Delivery A Best Value Approach A recent article in the Engineering News Record, exposed the growing pains that have developed as prequalification procurement tools are transitioning to digital formats. “New third-party prequalification tools...
