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How to Go Bankrupt
“How did you go Bankrupt?”
“Two Ways…gradually…then suddenly.”
(The Sun Also Rises, Ernest Hemingway)
Subject: financial planning
Ernest Hemingway, apparently knew more about business failure than some executives, scholars, and politicians gathered around the recent catastrophic collapse of Carillion PLC, the massive $ 7 billion UK contractor. (Reported on this … Read the rest “How to Go Bankrupt”
SUCCESS…ion
SUCCESS…ion
Succession is a Big Deal
The magnitude of the succession issue is staggering. Seventy percent of construction enterprises are family-owned. As more than 9 million baby boomers retire in waves, the founders and first-generation baby boomer owners of all types of companies around the US are about to orchestrate … Read the rest “SUCCESS…ion”
Without Skilled Labor….
ALERT
Without Skilled Labor
YOU’RE OUT OF BUSINESS
The skilled labor shortage plaguing the construction industry has reached crisis proportions. Wall Street Journal – July 2018
A recent Wall Street Journal article by Laura Kusisto reported:
“Construction lost tens of thousands of workers during the economic downturn, and many never … Read the rest “Without Skilled Labor….”
Fixed-Price Rest In Peace
Fixed-Price
Rest In Peace
An article in The Engineering News Recordforetells the ultimate demise of fixed-price contracts:
SNC-Lavalin Fixed-Price Exit Could Boost Rival
July 27, 2019 ENR, Debra K. Rubin
Canadian design-build giant SNC-Lavalin Group Inc. said on July 22 it will no longer bid on future lump-sum turnkey … Read the rest “Fixed-Price Rest In Peace”
Sources and Uses of Funds
Sources and Uses of Funds
In our ongoing discussion of risk throughout 2018, the multiple risk factors identified boiled down to one core flaw that brought down the majority of failed contractors – a shortage of capital. For one reason or another, the failed contractors simply ran out of … Read the rest “Sources and Uses of Funds”
Productivity a Risk Factor
Productivity
A Risk Factor
Our ongoing discussion of Risk has led us to take a look at labor productivity. One of the most important factors in accurate estimating, planning, and executing profitable contracts is forecasting a productive labor force that can produce the desired output. However, accurate estimates of … Read the rest “Productivity a Risk Factor”
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