by Simplar | Jan 14, 2021 | Risk Management
“Pride goes before destruction, and haughtiness before a fall.” (Proverbs 16:18) A Personal Note One of the reasons I have loved my lifelong career in the construction industry is the people I have been privileged to work with. They’re my kind of people;...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
If You Don’t Know Where You’re Going You’re Probably Not Going to Get There In an informal study of several thousand contractors of all sizes and types throughout the country, less than 40% claimed to do any type of formal corporate planning at all, and many did not...
by Simplar | Jan 14, 2021 | Board of Directors
The Role of The Board of Directors In Closely Held Construction Companies Closely held construction enterprises rarely have a board of directors. Most construction company founders consider a board pretentious or a pain in the neck or an unnecessary expense or an...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
Another Low-Bid Loophole by Jake Smithwick, Assistant Professor, University of North Carolina at Charlotte Within the construction industry, the heavy/civil sector consists of site development and infrastructure projects, such as those related to earthwork, bridges,...
by Simplar | Jan 14, 2021 | Developer Delimas/Issues, Developer Delimas/Issues
Developer’s Dilemma “This Financing Doesn’t Fit” Warren Buffet once famously quipped, “I wear expensive suits. They just look cheap on me.” Traditional developer debt financing is a long-standing, robust banking product that has helped fuel the building of America....
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Too Much of a Good Thing Our construction industry is enjoying a robust rebound since the depths of the Great Recession, (2009-2012). Residential, commercial, industrial, public and private sectors are all participating, and the future looks pretty good. When the...
