by Simplar | May 26, 2022 | Business, Strategic & Project Planning, Facility Management, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
Economic Schizophrenia Dr Thomas C Schleifer Surging inflation, global energy supply shortages, Russia’s invasion of the Ukraine, and Chinese pandemic-related disruptions to economic activity have brewed the perfect storm of economic instability. The...
by Simplar | May 19, 2022 | Business Development, Business Development, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
No Guesses – No Surprises, Number Two Dr Thomas C Schleifer Last week we looked at how a construction CFO crafts a cash flow plan, project by project. A cash flow plan is also an essential part of a construction company’s mid-term (six months to a year)...
by Simplar | May 12, 2022 | Business of Construction, Financial Management and Risk, Organizational Change Management, Weekly Construction Message
No Guesses – No Surprises Cash flow mismanagement is a primary cause of construction business failure. Many contractors started their business undercapitalized and had to apply the art of cash flow management by “kiting” checks, overdrawing working capital lines...
by Simplar | May 5, 2022 | Financial Management and Risk, Financial Management and Risk, Organizational Change Management, Organizational Change Management, Weekly Construction Message
The Science of Cash Flow Management All competent builders should succeed. There is no reason for the contractor failure rate to be the second-highest among all American businesses right behind restaurants. However, because of the complex nature of cash flow in the...
by Simplar | Apr 28, 2022 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
SURPRISE We’ve Run Out of Money! What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed...
by Simplar | Apr 14, 2022 | Facility Management, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Organizational Change Management, Organizational Change Management, Organizational Change Management, Weekly Construction Message
Construction CFOs They’re Not Bean Counters Ours is an extraordinary business. Think of the Egyptians who built the great pyramids of Giza with hand tools in the 26th century BC. Or the 20,000 artisans organized to fashion the remarkable Taj Mahal back in 1643. And...
