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IF
IF
Thomas C Schleifer, Ph.D.
It is somehow comforting when other experts confirm your view of the world. Just this week in Engineering News Record:
ENR October 12, 2022
Construction Wages Grow at Fastest Rate in Decades Despite Recession Threat
By James Leggate
“Contractors are continuing to hire as they … Read the rest “IF”
Productivity – The Only Way Out
Productivity – The Only Way Out
Thomas C Schleifer, Ph.D.
There is a difference between cycles and trends. For example, the supply chain bottle neck caused by COVID is a disruption that will cycle away as China opens, truck drivers return to work, and the compressed demand caused by the … Read the rest “Productivity – The Only Way Out”
Defense Mechanisms
Defense Mechanisms
Thomas C Schleifer, Ph.D.
Last week we renamed the impending “recession” being brought on by the Fed’s interest rate battle against inflation – “bottom-line recession” – for the construction industry. Bottom-line recession is the dramatic erosion of profits caused by runaway cost inflation that cannot be immediately passed … Read the rest “Defense Mechanisms”
Recession – Yes or No?
Recession – Yes or No?
Thomas C Schleifer, Ph.D.
As the Fed uses interest rates to joust with inflation, everyone wants to know if we’re headed into a recession. The dreaded R word is on everybody’s mind. Do I think we’re in for an immediate recession? How severe will it … Read the rest “Recession – Yes or No?”
A Day in The Life of A “Best-In-Class” Contractor
A Day in The Life of A “Best-In-Class” Contractor
Thomas C Schleifer, Ph.D.
The Best-In-Class Contractor
We call contractors who fit the management profile that the Construction Company Self-Analysis Program outlines, question by question – “best-in-class”. Let’s try to flesh out a small to mid-size best-in-class contractor a little by … Read the rest “A Day in The Life of A “Best-In-Class” Contractor”
In The Eye of the Beholder
In The Eye of the Beholder
Thomas C Schleifer, Ph.D.
Wall Street investment advisors are beginning to act like contractors. Hedge fund managers now value tech companies based on a multiple of future revenues rather than a multiple of past earnings. Revenues trump profits. Just like many contractors.
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