My overview of the construction industry breaks down the management function into three broad categories: 1. Getting the work 2. Doing the work 3. Accounting for the work. The Chief Financial Officer’s (CFO’s) role in “Accounting for the work” is...
Engineering is a science and contractors tend to think like scientists. Tangible, measurable metrics speak to us contractors. Opinions, feelings, and guesses get less attention. Some construction professionals think that construction industry academics like myself...
This year we are going from top to bottom in our review of construction’s “best-in-class” management practices. We began at the traditional top of business organizations, the Board of Directors (Advisors). Because the construction industry is largely made up of...
Hold on to Your Hats The Post-Pandemic Economic Recovery is Off and Running The Good News: All Flags Are Up for the Economy Economic output grew at a 6.4% annualized rate in the first three months of the year. Personal consumption grew 10.7% – the second-fastest...
Flexibility = Profitability I have been talking for years about “Flexible Overhead” as a fundamental management tool in the construction industry. By Flexible OverheadI mean the ability to expand or contract overhead with the same speed as the construction market...
Stop the Madness A subcontractor’s Perspective Construction projects are highly complex, collaborative, interdependent, long-lasting, team efforts whose exact final cost is, in point of fact, impossible to estimate. It has never been a matter of skullduggery or...
