by Simplar | Feb 6, 2025 | Built Environment, Business Development, Business of Construction, Business, Strategic & Project Planning, Financial Management and Risk, Leadership, Leadership, Organizational Change Management, Risk Management, Risk Management, Weekly Construction Message
Contracting is a risky business that works because contractors are risk takers. Every time we acquire a new project we are leaping into the unknown. No one has ever built this next project, and no one can predict its uncertain outcome. Is there uncertainty that the...
by Simplar | Jan 30, 2025 | Business Development, Business Failure, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Project Selection, Project Selection, Weekly Construction Message
Don’t let the project pick you. In other words, don’t be tempted to take any project that comes along. Too many contractors scour the marketplace for any project they might be able to snag. They fashion a bid that they think will be competitive but often...
by Simplar | Oct 10, 2024 | Business Development, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Do not be misled. Construction contractors are not manufacturing structures, or highways, and selling them to ultimate owners one piece at a time. We are selling construction services, much like business consultants are selling information services or law firms are...
by Simplar | Mar 7, 2024 | Business Development, Business Development, Business Development, Business Development, Growth, Growth, Weekly Construction Message
The simplest definition of conglomerate is – a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. What a perfect description of a construction company! As I have said so often in the past, each...
by Simplar | Oct 12, 2023 | Business Development, Business Development, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Growth, Growth, Weekly Construction Message
Capital capacity is just a fancy way of saying having enough cash around to finance projects ongoing plus projects under consideration. The construction industry is grossly undercapitalized. This, I believe, is the primary risk factor that contractors deal with daily...
by Simplar | Jul 20, 2023 | Business Development, Business Development, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Project Selection, Project Selection, Weekly Construction Message
Tony the Temper Thomas C Schleifer, Ph.D. Contractors and their senior executives don’t pull wire, pour concrete, drive nails, or dig holes. They don’t do the estimating, scheduling, or accounting for ongoing work. Once a contract is signed and a project is underway,...
