The simplest definition of conglomerate is – a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. What a perfect description of a construction company! As I have said so often in the past, each...
Capital capacity is just a fancy way of saying having enough cash around to finance projects ongoing plus projects under consideration. The construction industry is grossly undercapitalized. This, I believe, is the primary risk factor that contractors deal with daily...
Tony the Temper Thomas C Schleifer, Ph.D. Contractors and their senior executives don’t pull wire, pour concrete, drive nails, or dig holes. They don’t do the estimating, scheduling, or accounting for ongoing work. Once a contract is signed and a project is underway,...
Experts Make Money Thomas C Schleifer, Ph.D. Because too many construction projects are priced through a low-bid auction process, contractors have only minimal control over their selling price. Expense inflation over the extended life of a project is hard to control....
The Secret to Training Thomas C Schleifer, Ph.D. Apprentice training programs for the construction trades follow a well-established protocol. For the most part apprentices are trained on the job for three or four years before they are considered journeymen or women....
Innovation Thomas C Schleifer, Ph.D. The construction industry has changed at its core. Most of the labor force that delivered construction services to the nation has retired and taken their unique level of expertise, productivity, and efficiency with them. Those of...
