by Simplar | Jan 14, 2021 | Leadership
Beyond COVID-19 Iāve been ringing the āfire bellā constantly since this COVID-19 pandemic broke out in March,Ā and Iām getting tired of hearing my own cautionary tale. This week, Iām making the assumption that construction professionals, now alerted, have taken...
by Simplar | Jan 14, 2021 | Business Failure, Managing Subcontractors
A Negative Bias We called this blog āLetās Talk Businessā (letstalkbusiness.net) because we wanted to emphasize business management issues in construction as opposed to operations, engineering, or design. Many senior managers in the construction industry started as...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Profitability Equals Viability Ā Dateline:Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Engineering News Record, August 26, 2020, Debra K. Rubin and Peter Reina ā…As it moves away from lump-sum contracting, in the wake of project charges and recent quarter losses to focus on higher-margin...
by Simplar | Jan 14, 2021 | Leadership, Leadership
Construction May BeĀ Our Long-Term Salvation Any hope that the coronavirus pandemic would quickly diminish, and the worldās economy would soon be getting back to business as usual, has evaporated. While the pandemic seemed to have been controlled in some states that...
by Simplar | Jan 14, 2021 | Cash Flow (Getting Paid)
Capital ManagementĀ Part 4 Financial Capacity When Babe Ruth was asked how he used to hit his way out of a batting slump, he replied, āI remembered to keep my eye on the ball.ā This series of blogs on capital management are intended to be a reminder to construction...
by Simplar | Jan 14, 2021 | Risk Management
Risk Analysis Ā āMitigating the Hidden Risks – In the āNew Normalā construction environment the construction industry, high risk to begin with, is operating in a new post-recession landscape, characterized by tighter margins and serious labor shortages with less...
