by Simplar | Jul 30, 2026 | Financial Management and Risk, Financial Management and Risk, Project Selection, Project Selection, Risk Management, Risk Management, Weekly Construction Message
Vacation schedules have interrupted our strategic planning series, so we are repeating an important message on risk. If risk recognition and assessment is so fundamental to the construction transaction, why do so few contractors engage in formal risk management? As I...
by Simplar | Jan 29, 2026 | Built Environment, Business of Construction, Organization Transformation, Partnering, Planning, PM, Project Delivery, Project Selection, Project Selection, Project Selection, Weekly Construction Message
Decision tree analysis is not a scientific way to make decisions but rather a visual representation of the decision-making process that goes on inside the head of decision makers. At first, a decision tree appears as a tree-like structure or graph with different nodes...
by Simplar | Jan 22, 2026 | Built Environment, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Project Selection, Project Selection, Weekly Construction Message
The human mind is a problem-solving machine. It takes in data through the 5 senses then stores and classifies the data as either good or bad for survival of the entity. The brain then amplifies the “good” classification with neurotransmitters like...
by Simplar | Dec 4, 2025 | Built Environment, Business of Construction, Project Selection, Proposal Writing, Weekly Construction Message
Low bid acquisition has been standard operating procedure in the construction industry, and just about all small start-up contractors are forced to participate or forgo getting any work at all. However, low bid acquisition destroys any reasonable chance of making a...
by Simplar | Sep 25, 2025 | Built Environment, Business of Construction, Business, Strategic and Project Planning, Labor & Labor Issues, Leadership, Leadership, Organizational Change Management, Project Selection, Risk Management, Risk Management, Weekly Construction Message
Construction is a risky business. Diving from the springboard of project selection into the deep end of the risk pool immerses the contractor in a virtual ocean of risk factors. Like Football games, project financial risk can only be effectively managed before...
by Simplar | Sep 11, 2025 | Built Environment, Project Selection, Project Selection, Weekly Construction Message
The most crucial element in construction profitability is selecting the appropriate project. It is not “cutting the payroll” or “speeding up the work” or “stretching the concrete”, or “reducing a bid”. It is not...
