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 4, 2025 | Business Development, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Growth, Weekly Construction Message
Top line growth represents survival to a lot of contractors. Without regularly signing new contracts most contractors would go out of business in short order. Growth isn’t just an important thing, to some contractors, growth is the only thing. Every existing...
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 | Aug 14, 2025 | Built Environment, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
I’ve been a management consultant to the construction industry for 40 years. I have taught construction business management at some of the nation’s best construction universities. I have spoken at literally thousands of construction industry conventions. In all...
by Simplar | Aug 7, 2025 | Built Environment, Business Development, Business Failure, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Growth, Leadership, Weekly Construction Message
In last week’s message I closed my eyes and dropped a bomb. Did you hear it? If not, I suggest you go back and reread last week’s message. For me to admit to my readers that construction financial accounting is, to a large degree inaccurate, is I assure...
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...
