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Right Sizing
Right Sizing
Construction firms grow organically. The start-up contractor hires help as he or she goes along adding overhead as needed to handle the expanding workload. In other words, they are “backfilling” after the work comes in. This is organic growth because it grows out of need as a natural … Read the rest “Right Sizing”
Planning IS Managing
Planning IS Managing
Managing a construction company is like steering a 1000-foot container ship. It takes a long time for adjustments at the helm to alter the direction of the bow. There is a lag between deciding to change course and the ship changing direction. It only gradually comes about … Read the rest “Planning IS Managing”
ZERO TURNOVER
ZERO TURNOVER
If you are in the construction business reading this blog on your cellphone at the job site, I hope you have an adequate labor supply. This “skilled labor shortage” we’re all talking about will really threaten you if you try to grow too fast or your existing employees … Read the rest “ZERO TURNOVER”
2022 Construction Inflation Alert
2022 Construction Inflation Alert
Many construction industry executives seem to believe that “runaway” inflation is the story of 2021 and not the theme for 2022. Today we are suspending speculation and simply recording the current construction inflation data collected by the Bureau of Labor Statistics. It is time to … Read the rest “2022 Construction Inflation Alert”
INFLATION – 2022/23
INFLATION – 2022/23
Recent conversations with construction CEOs reveal that many industry professionals believe the current inflation spike is only a blip on the economic radar screen that will fade as soon as the supply chain is untangled. I would like to submit, however, that the causes of this most … Read the rest “INFLATION – 2022/23”
Size Matters
SIZE MATTERS
Warren Buffet once famously said:
“I buy expensive suits…
They just look cheap on me.”
In this disrupted, unpredictable market of 2022, project selection may be the most important decision construction senior management will make. Last week we discussed what we called specialization, “sticking to your knitting” … Read the rest “Size Matters”
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