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Beware DE-flation
Beware DE-flation
Thomas c Schleifer, Ph.D.
I can hear you. I know what you’re thinking…
“DE-flation?!!…I thought we were worried about INFLATION! Rampant cost inflation in materials and wages is the topic du jour – isn’t it? What’s this about DEFLATION?”
Let me explain: this current series of blogs on … Read the rest “Beware DE-flation”
Can You Be Flexible?
Can You Be Flexible?
Thomas C Schleifer, Ph.D.
The construction industry is an outlier that evades classic management theory taught at all the nation’s prestigious business schools.
- The price of our construction services is set well in advance typically through a competitive bidding process.
- Our work is performed through a
Cash is King
Cash is King
Thomas C Schleifer, Ph.D.
For the duration of this disrupted market and potential for recession, move cash flow management to the top of your CFO’s priority list and leave it there. Contractors rarely have enough cash on the balance sheet to see them through down markets, particularly … Read the rest “Cash is King”
Navigating Stormy Seas
Navigating Stormy Seas
Thomas C Schleifer, Ph.D
The Fed has just imposed another 75-basis point increase in its benchmark interest rate, and now even both sides of congress are howling. Prognosticators are worried that continued increases will push the economy into recession. Contractors find themselves between a rock and a … Read the rest “Navigating Stormy Seas”
CLEAN UP YOUR BOOKS
CLEAN UP YOUR BOOKS
Thomas C Schleifer, Ph.D.
While operating the nation’s largest workout firm for sureties, I had occasion to audit the financial statements of hundreds of construction companies that had failed mid-project. While the causes of those failures varied widely, the inability to produce dependably accurate financial statements … Read the rest “CLEAN UP YOUR BOOKS”
Consolidation
Consolidation
Thomas C Schleifer, Ph.D.
This post-COVID economic environment is not a normal market. It is a disorderly market that will haunt construction for years. I digressed from my usual reflections last week to encourage industry professionals to change their way of thinking. The normal routine of chasing any work … Read the rest “Consolidation”
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