SUCCESS…ion

SUCCESS…ion

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

SUCCESS…ion Succession is a Big Deal The magnitude of the succession issue is staggering. Seventy percent of construction enterprises are family-owned. As more than 9 million baby boomers retire in waves, the founders and first-generation baby boomer owners of all...
Managing Risk in the Current Boom

Managing Risk in the Current Boom

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

Managing Risk in the Current Boom   For the past year, this blog has been dealing with the risks hidden in growth and the strategy and tactics required to deal effectively with a volatile construction market. Let’s listen in to an enlightening discussion among...
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...