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Built Environment
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Business of Construction
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Facility Management
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Organizational Change Management
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Partnering, Planning, Project Management
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Project Delivery
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Managing Cash Flow
Jul 12, 2024 | Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Uncategorized
Managing Cash Flow Thomas C Schleifer, Ph.D. Few construction companies sell stock to the public to raise growth capital. Construction companies rely on the contractor's invested capital, retained earnings, and various forms of borrowing to finance the front money...
The Second and Final Ingredient
Jul 4, 2024 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
There are only two ingredients required to cook up a successful construction company: 1) Personnel and 2) Capital. When these two profit making assets are combined in the right proportions, construction companies thrive. In this series of messages, we have covered...
Keeping Your Team Intact
Jun 27, 2024 | Business of Construction, Labor & Labor Issues, Leadership, Leadership, Weekly Construction Message
Assembling a complete team of construction professionals is a gradual and sometimes frustrating process. As construction companies grow from small startups to regional contractors that dominate their market, the team that gets the company there comes on board...
Training
Jun 20, 2024 | Business Development, Business of Construction, Business, Strategic and Project Planning, Labor & Labor Issues, Leadership, Leadership, Weekly Construction Message
Construction companies sell construction services to owners of real property assets. We do not own structures or real property for sale. The collective expertise of our team is our only profit producing asset. We are in a service business, and our ability to put...
Recruiting
Jun 13, 2024 | Business Development, Labor & Labor Issues, Labor & Labor Issues, Labor & Labor Issues, Weekly Construction Message
As we said last week, most construction companies begin as closely held or family concerns. Gritty hard work leads to success. Jobs get bigger and more complex as the family digs in. Eventually, they reach out beyond the founders to a circle of experienced...
Assembling Assets
Jun 7, 2024 | Built Environment, Labor & Labor Issues, Managing Subcontractors, Weekly Construction Message
Building a company is nothing more than assembling the assets that will enable the business to make a profit. In a service business like the construction industry, this means hiring the people who will provide the service--and organizing them into a functioning whole....
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