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Climate Change (in construction)
Climate Change (in construction)
Thomas C Schleifer, Ph.D.
Contractors are dealing with a perennial shortage of skilled construction labor in the same way we are dealing with climate change – “What can I do about climate change? Nothing that I can think of. That’s Mother Nature’s business. What can … Read the rest “Climate Change (in construction)”
What a Crazy Business
What a Crazy Business
Thomas C Schleifer, Ph.D.
In this year’s opening blog series, we have been discussing the elevated risk level caused by COVID induced cost inflation, labor shortages, supply chain snags, and a potential recession that may result from the Fed’s battle against inflation. The positive feedback to … Read the rest “What a Crazy Business”
Identifying Risk
Identifying Risk
Thomas C Schleifer, Ph.D.
Most contractors are guilty of failing to diligently identify the unique risks in every new job BEFORE they undertake it. One example I often site is a failed project that I dealt with for a surety. The otherwise successful firm contracted to build a … Read the rest “Identifying Risk”
Keep Your Eye on the Ball
Keep Your Eye on the Ball
Thomas C Schleifer, Ph.D.
We are at the beginning of what might be a rocky economic 2023. With the short-term future so uncertain it is critical to avoid running out of money while navigating this inflation fueled (post- pandemic/Russian invasion of the Ukraine) economy. … Read the rest “Keep Your Eye on the Ball”
How Much is Enough?
How Much is Enough?
Thomas C Schleifer, Ph.D.
In this first series of messages for 2023 we’re looking at how to professionally manage a construction firm’s capital position to ensure enough liquidity to see the firm through an inflation/recession economy that can threaten reliable cash flow. The amount of money … Read the rest “How Much is Enough?”
Capital Management
Capital Management
Thomas C Schleifer, Ph.D.
After New Year’s, prognosticators gave up pretense and predicted recession for 2023. The Fed, they now admit, waited too long to take action and its current aggressive interest rate hikes are pushing the economy into a recession while not yet tamping down inflation to … Read the rest “Capital Management”
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