Prior and Proper Preparation Prevents Poor Performance

Prior and Proper Preparation Prevents Poor Performance

by | Feb 13, 2025 | Built Environment, Business Development, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Change Management, Financial Management and Risk, Financial Management and Risk, Growth, Growth, Labor & Labor Issues, Leadership, Leadership, Managing Subcontractors, Project Selection, Project Teams, Risk Management, Weekly Construction Message

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

by | Jan 9, 2025 | Built Environment, Business Development, Business of Construction, Financial Management and Risk, Financial Management and Risk, Growth, Leadership, Weekly Construction Message

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

by | Nov 14, 2024 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Growth, Growth, Leadership, Weekly Construction Message

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...