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”....
by Simplar | 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...
by Simplar | 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...
by Simplar | 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...
