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The Next Normal

The Next Normal

The Next Normal Thomas C Schleifer, Ph.D. Long term “trends”, not temporary disruptions, are reshaping the construction industry. Last week we cited research that identified 15 construction industry long-term trends. Let’s examine four of them more closely: ...
Disruption

Disruption

Disruption Thomas C Schleifer, Ph.D. For the past eight weeks we have been focusing on managing under disorderly market conditions. The feedback I have been getting from industry leaders is that they believe this current disorderly market is a temporary phenomenon...
SURPRISE We’ve Run Out of Money

SURPRISE We’ve Run Out of Money

SURPRISE We’ve Run Out of Money! What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed...
Capacity

Capacity

Capacity Public financial markets value companies based on their ability to earn money into the future. Financial analysts apply a multiple to the current proven earnings of a given publicly traded company in an attempt to accurately predict the value of future...
Right Sizing

Right Sizing

Right Sizing Construction firms grow organically. The start-up contractor hires help as he or she goes along adding overhead as needed to handle the expanding workload.  In other words, they are “backfilling” after the work comes in. This is organic growth...