The Surety

The Surety

by | Jan 14, 2021 | Risk Management, Risk Management, Risk Management

  The Surety Construction’s “Sports Book” Sureties operate the “sports book” for the construction industry. They handicap risk by setting rates and issuing bonds. They “book” the contractor’s bet that he will complete a project as contracted. They “set the line”....
Reality Check #3

Reality Check #3

by | Jan 14, 2021 | Current Events/Interests, Current Events/Interests

Reality Check #3 Risk Mitigation in Growth Markets   In 2014 We Cautioned…   “Our studies reveal a very disheartening fact: Success in the construction industry, even for very long periods, doesn’t guarantee continuing success. In fact, the study indicates clearly...
Flexibility = Profitability

Flexibility = Profitability

by | Jan 14, 2021 | Business Development

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...
Reaction to the Skilled Labor Shortage

Reaction to the Skilled Labor Shortage

by | Jan 14, 2021 | Labor & Labor Issues

Reaction to the Skilled Labor Shortage Strategic Thinking Small to mid-sized contractors across the industry are scrambling to participate in an expanding market that will become turbo-charged when the government finally gets its infrastructure act together.  Demand...
Succession Dilemmas

Succession Dilemmas

by | Jan 14, 2021 | Succession Planning, Succession Planning

Succession Dilemmas When Construction Companies Outgrow the Founder Case Study The founder and aging CEO of a fast-growing construction company recently asked me to help him with his succession problem. He summed it up with one memorable sentence; “What in God’s name...