by Simplar | Oct 2, 2025 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Risk management begins with recognition, proceeds to evaluation, and ends with a detailed mitigation plan. This analytical process should begin at the project selection stage. After a contract is signed and a project is underway, if there is a negative impact from the...
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 18, 2025 | Leadership, Leadership, Risk Management, Risk Management, Weekly Construction Message
Construction is a risky business. A wide variety of risk factors are piled one on another throughout the construction transaction making it almost impossible to manage all construction business risks. Building long term complex projects for a fixed price under the...
by Simplar | Aug 28, 2025 | Built Environment, Business Failure, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Growth, Growth, Leadership, Risk Management, Risk Management, Weekly Construction Message
We begin this week with the first “belief” on last week’s list – “Growth is always good “. The complex nature of the construction industry seems to lend credence to this belief. Since a construction business does not enjoy a...
by Simplar | Jul 31, 2025 | Built Environment, Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Risk Management, Weekly Construction Message
The state-of-the-art in construction accounting has advanced over the years but continues to be an area of great concern. One of the most difficult and misunderstood processes in the construction business is capturing all the data accurately and in a timely fashion...
by Simplar | Jul 17, 2025 | Built Environment, Business Failure, Business Failure, Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Leadership, Risk Management, Risk Management, Weekly Construction Message
Managing cash flow in a construction company is a daunting task. The unique nature of the construction transaction makes it almost impossible to match cash flowing in with cash flowing out. Low bid margins are often so tight they’re insufficient to maintain ongoing...
