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Growth Is Always Good

Growth Is Always Good

We begin this week with the first “belief” on last week’s list – “Growth is always good “. The complex nature of the construction industry seems to lend credence to this belief. Since a construction business does not enjoy a...
Is There a Doctor in the House?

Is There a Doctor in the House?

Last week we discussed the irony of the construction industry’s traditional low-bid acquisition system. It seems you can’t win the game of making money if you pick up all your work by being the cheapest price. On the other hand, you can’t even play...
Prior and Proper Preparation Prevents Poor Performance

Prior and Proper Preparation Prevents Poor Performance

Designers avoid risk, owners prefer to pass it along, and contractors absorb it. Today’s construction risk environment is dramatically different than it was in the last several decades, and risk factors are mutating just enough to be almost unrecognizable. It is...
Profit is Our Theme for 2025

Profit is Our Theme for 2025

Profit is Our Theme for 2025 Construction industry profit margins are too low.  The financial risk we take is too high.  Too many competent contractors fail without warning.  We need to improve our business management practices this year to improve margins and reduce...
Opportunistic Growth vs. Planned Growth

Opportunistic Growth vs. Planned Growth

For many years I have been cautioning about the risk inherent in accelerated growth. Construction professionals, however, have not been listening to these cautions because, unlike all other industries, construction has no ongoing business inertia. Contractors must...