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A Change Order by Any Other Name
A Change Order by Any Other Name
Designers, owners, and most contractors consider Change Orders a bad thing. Research indicates that overall project performance and contractor profitability is better on jobs with fewer COs than those with many. Even when Change Orders are initiated by owners increasing scope and not … Read the rest “A Change Order by Any Other Name”
The Truth About General Contractors
Subject: the role of general contractors on a job
The Truth About General Contractors
Successful general contractors excel at managing the subcontracting process. Some don’t self-preform much work — don’t pour concrete, install ductwork, fit pipes, or apply roofing, however, they all select and manage others that do.
The Middle … Read the rest “The Truth About General Contractors”
The R-Score
To See Ourselves As We Really Are
To See Ourselves As We Really Are
Subject: The 5 Stages of Growth
The company I founded worked for sureties across the country completing failed construction projects the sureties had bonded. During this period, I assisted in the resolution or salvage of hundreds of distressed or failed construction firms and … Read the rest “To See Ourselves As We Really Are”
Risk is Not a Dirty Word
Risk is Not a Dirty Word
Over the last thirty years I have conducted literally hundreds of seminars with construction professionals covering an array of issues concerning the business of contracting. Along the way I have noticed that whenever I bring up risk, the audiences glances through notes, wanders to … Read the rest “Risk is Not a Dirty Word”
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”
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