by Simplar | Jan 14, 2021 | Cash Flow (Getting Paid)
Capital Preservation During This COVID Downturn Getting Paid on Time Late Payments Are Every Contractor’s Nightmare Last week we began a discussion on the importance of your firm’s capital position as this latest COVID-caused market downturn unfolds. When you ask...
by Simplar | Jan 14, 2021 | Risk Management
A Megaproject True Story You don’t have to look very far to find megaprojects to illustrate the causes of failure we have been discussing. The contracting team Purple Line Transit Constructors, building the Purple Line light rail in Washington D.C. announced plans...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Capital Is King: During COVID Years of research into the causes of construction business failure confirms that throughout history the sudden collapse of construction firms, large and small, comes down to one factor: the slow and sometimes invisible erosion of the...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning
Why Megaprojects Fail Part IV Institutional Structure Our discussion over the past few weeks has centered on the failure of megaprojects to come in on budget or on schedule. Two more examples: High Speed 2, the United Kingdom’s planned train line that would run...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Present Moment Management During Evolving Market Cycles I have expressed concern since the onset of this pandemic that the construction industry does not recognize the reality of the market downturn that is overtaking us. It is difficult to react to changing market...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Complexity (The Big Dig) Part 2 The list of top megaprojects with mega-cost overruns reads like a who’s/who of construction’s biggest deals. The Suez Canal ran 1,900% over the original budget. The Sydney Opera House came in 1,600% over budget. The Boston Artery...
