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 ākitingā 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
… Read the rest “Construction CFOs – They’re Not Bean...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Financial Risk Original RScore Research Indicators of Financial Distress… Read the rest “Financial...
by Simplar | Jan 14, 2021 | Financial Management and Risk
DONāT SHOOT THE MESSENGER Subjects: finances, CFOs, accounting In our industry the accounting function is not given the status and significance it should have. In more than half of the construction failures I dealt with, the following scene played itself out over and...
