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Manual of Construction Practices
Manual of Construction Practices
Click here to download the full Manual of Construction Practices by Dr. Thomas Schleifer
Full Manual of Construction Practices… Read the rest “Manual of Construction Practices”
Boom and Bust
BOOM AND BUST
Subject: construction market cycles
The construction recession is finally over and boom times are upon us once again. Everyone is signing new contracts and business plans are bursting at the seams. And this is even before the Republican administration in Washington rolls out its trillion-dollar infrastructure program. … Read the rest “Boom and Bust”
Let’s Get Real
“Let’s Get Real”
In a recent article I wrote the following:
“There is a downside to the great market we are enjoying because some construction enterprises will grow too fast and the rate of growth can be lethal. Most construction enterprises were involuntarily downsized when the current market recovery began. … Read the rest “Let’s Get Real”
Liquidity
Liquidity
If I learned anything from ten years operating the world’s largest workout firm for sureties engaged in construction bonding, it’s that liquidity (or the lack thereof) is the most important predictive metric on a construction company’s balance sheet. Economic conditions, shrinking construction markets, soaring wage inflation, materials costs, and … Read the rest “Liquidity”
The Flash Report
The Flash Report
Last week I highlighted the critical day-to-day usefulness of liquidity ratios in alerting a CEO that he might be flirting with financial difficulty. Today I would like to back up and take a look at the bigger picture – the CFO’s critical role in helping manage a … Read the rest “The Flash Report”
Best Value
Best Value
Construction’s Six Sigma
In the 1980s, 37% of all construction projects reported major defects. 37%!!! No manufacturing company would survive a 37% defect rate. By the 1990s, the construction industry suffered 33% of construction projects over budget and 42% completed late. 42%!!! Late!!! 33% over budget!!! In any … Read the rest “Best Value”
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