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Working Capital Engineers
Working Capital Engineers
Thomas C Schleifer, Ph.D.
No sane construction professional would prepare a bid or start a job without input from the estimators, designers and/or engineers, and project managers. After scrutinizing specifications and understanding quality standards, this team supervises the work and polices it for compliance. No construction project … Read the rest “Working Capital Engineers”
Managing Working Capital
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 growth. Industry ownership (public stockholders who … Read the rest “Managing Working Capital ”
The Haves and Have-Nots
The Haves and Have-Nots
Thomas C Schleifer, Ph.D.
Unlike rampant inflation, supply chain collapse, or a sudden descent into recession; trends creep up without us noticing. We have already discussed the gradual shortage of skilled labor that is now haunting our industry and concluded that the construction labor force will … Read the rest “The Haves and Have-Nots”
Make Friends with Trends
Make Friends with Trends
Thomas C Schleifer, Ph.D.
We have been discussing managing construction companies profitably under post-pandemic disruptive market conditions. Studying what we labeled “disruptions” (run-away cost inflation, impending recession, supply chain interruptions, and a chronic shortage of skilled labor) we determined that some of these “disruptions” (like the … Read the rest “Make Friends with Trends”
Innovation
Innovation
Thomas C Schleifer, Ph.D.
The construction industry has changed at its core. Most of the labor force that delivered construction services to the nation has retired and taken their unique level of expertise, productivity, and efficiency with them. Those of us left behind are charged with recreating our industry. … Read the rest “Innovation”
Game Changer
Game Changer
Thomas C Schleifer, Ph.D.
When Brady left the Patriots, that was a game changer. When Mahomes went to the Chiefs, that was a game changer. When the baby boomers retired from construction, that was a game changer. Let’s face it. The baby boomers built modern America and the … Read the rest “Game Changer”
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