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Key Personnel Retention
Key Personnel Retention
Growth Risk Factor Four
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Thirty years of research into the causes of contractor failure has revealed that when companies aggressively participate in growth construction markets, they encounter five recurrent and industry-wide elements of risk to potential profit or failure. We have discussed the first three in recent … Read the rest “Key Personnel Retention”
Construction’s “No-Win”
Constructionâs âNo-Winâ
Risk Management/Transfer
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A survey of 125 construction owners by Engineering News Recordfound that only half would hire the same construction firm again, a third of all projects were over budget, nearly half were completed late, and 13% were involved in litigation.
This dismal picture of construction industry … Read the rest “Construction’s “No-Win””
Current Construction Recovery
Current Construction Recovery
Top Line vs. Bottom Line
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Since 2012 the construction industry has been enjoying a robust recovery. In this blog I have been alerting contractors to the business risks hidden in the euphoria of construction market upswings. Now that we are years into the recovery, it is time … Read the rest “Current Construction Recovery”
Expertise Project Delivery – A Best Value Approach
Expertise Project Delivery
A Best Value Approach
A recent article in the Engineering News Record, exposed the growing pains that have developed as prequalification procurement tools are transitioning to digital formats.
“New third-party prequalification tools have brought fresh frustrations related to fairness and cost, say biddersâŠ
“With new electronic prequalification … Read the rest “Expertise Project Delivery – A Best Value Approach”
Peer Pressure – Leadership: Side by Side
Peer Pressure
Leadership: Side by Side
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It is a clichĂ© in parenting that âpeer pressureâ has more impact on a childâs conduct than all the teachers, parents, and authority figures combined. Letâs face it. Your buddies could convince you to try things. Your principal was just a nice old man … Read the rest “Peer Pressure – Leadership: Side by Side”
Managing Risk in the Current Boom
Managing Risk in the Current Boom
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For the past year, this blog has been dealing with the risks hidden in growth and the strategy and tactics required to deal effectively with a volatile construction market.
Letâs listen in to an enlightening discussion among specialty contractors published recently by Gary Tulacz … Read the rest “Managing Risk in the Current Boom”
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