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Reality Check #3
Reality Check #3
Risk Mitigation in Growth Markets
In 2014 We Cautioned…
“Our studies reveal a very disheartening fact: Success in the construction industry, even for very long periods, doesn’t guarantee continuing success. In fact, the study indicates clearly that every change in a successful organization, particularly growth, creates a … Read the rest “Reality Check #3”
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”
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”
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”
Capital Management – Part 4: Financial Capacity
Capital Management
Part 4
Financial Capacity
When Babe Ruth was asked how he used to hit his way out of a batting slump, he replied, “I remembered to keep my eye on the ball.”
This series of blogs on capital management are intended to be a reminder to construction professionals … Read the rest “Capital Management – Part 4: Financial Capacity”
Capital Reserves – Contractor’s Last Line of Defense
Capital Reserves
Contractor’s Last Line of Defense
For the past three weeks we have been discussing the nature of capital reserves and their importance to contractors trying to manage through the depth and breadth of the current COVIDeconomic downturn.
Construction Industry Business Model
The business model ingrained in the … Read the rest “Capital Reserves – Contractor’s Last Line of Defense”
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