by Simplar | Jan 14, 2021 | Dispute Resolution, Dispute Resolution
Mitigate Don’t Litigate Since litigants brought their disputes before King Solomon, combatants have petitioned the wisdom of designated “authorities” to resolve their differences. No one, it seems, can settle matters without a designated judge “forcing” them to see...
by Simplar | Jan 14, 2021 | Labor & Labor Issues
ALERT Without Skilled Labor YOU’RE OUT OF BUSINESS The skilled labor shortage plaguing the construction industry has reached crisis proportions. Wall Street Journal – July 2018 A recent Wall Street Journal article by Laura Kusisto reported: “Construction lost...
by Simplar | Jan 14, 2021 | Equipment Management, Equipment Management
Subject: Purchase price vs real price This $250,000 Dozer Is Not FREE I was looking for holes. As a salvage expert working for sureties who were exposed to enormous losses by sudden contractor failure, I was completing jobs across the country and at the same time...
by Simplar | 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...
by Simplar | Jan 14, 2021 | Change Orders, Change Orders
A Change Order by Any Other Name Designers, owners, and most contractors consider Change Orders a bad thing. Research indicates that overall project performance and contractor profitability is better on jobs with fewer COs than those with many. Even when Change Orders...
by Simplar | 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”....
