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How to Assemble a Board of Advisors
How to Assemble a Board of Advisors
I often mention that the construction industry has the highest failure rate of all industries with the exception of restaurants. Most of my readers infer from this statistic that I’m implying construction’s failure rate is due to poor management. That, however, is not … Read the rest “How to Assemble a Board of Advisors”
Advise & Consent – Utilizing a Board of Directors/Advisors
Advise and Consent
Utilizing a Board of Directors/Advisors
Because the construction industry is largely made up of “closely held” companies, it is rare to find a board of directors assisting and advising a construction company. Closely held corporations usually have no objective corporate governance because the shareholders, directors, and officers … Read the rest “Advise & Consent – Utilizing a Board of Directors/Advisors”
How to Engage and Develop Construction Employees
How to Engage and Develop Construction Employees
“What do you mean, engagement?” That’s the response I get from most construction CEOs when I introduce the concept of employee engagement and development. As I mentioned last week, contractors do not delve too deeply into the psychology of their employees. “Pay them … Read the rest “How to Engage and Develop Construction Employees”
Employee Engagement & Development
Weekly Construction Message: Getting The Work – Quality Based Pricing
“Getting The Work”
Quality Based Pricing
Best-in-Class Contractor Series March 17, 2021
In our 2021 Best-in-Class Contractor series we began at the beginning – signing and executing contracts. This is the stage in the construction process that most of the risk in the transaction is assumed by contractors. Mesmerized by … Read the rest “Weekly Construction Message: Getting The Work – Quality Based Pricing”
Weekly Construction Message: Attention Owners – Look Beyond Low-Bid
ATTENTION OWNERS
Look Beyond Low-Bid
For the past two years, I have been preaching to contractors the wisdom of looking beyond low-bid. I have been frustrated to receive less than enthusiastic responses from a greater majority of contractors. Their reaction to my suggestion to move away from low-bid toward a … Read the rest “Weekly Construction Message: Attention Owners – Look Beyond Low-Bid”
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