by Simplar | Jan 14, 2021 | Equipment Management, Equipment Management
Subject: Purchase price vs real price This $250,000 Dozer Is Not FREE I was looking for holes. As a salvage expert working for sureties who were exposed to enormous losses by sudden contractor failure, I was completing jobs across the country and at the same time...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Best Value Construction’s Six Sigma In the 1980s, 37% of all construction projects reported major defects. 37%!!! No manufacturing company would survive a 37% defect rate. By the 1990s, the construction industry suffered 33% of construction projects over budget and...
by Simplar | Jan 14, 2021 | Business Failure
“How did you go Bankrupt?” “Two Ways…gradually…then suddenly.” (The Sun Also Rises, Ernest Hemingway) Subject: financial planning Ernest Hemingway, apparently knew more about business failure than some executives, scholars, and politicians gathered around the recent...
by Simplar | Jan 14, 2021 | Financial Management and Risk
The Flash Report Last week I highlighted the critical day-to-day usefulness of liquidity ratios in alerting a CEO that he might be flirting with financial difficulty. Today I would like to back up and take a look at the bigger picture – the CFO’s critical role...
by Simplar | Jan 14, 2021 | Succession Planning, Succession Planning
SUCCESS…ion Succession is a Big Deal The magnitude of the succession issue is staggering. Seventy percent of construction enterprises are family-owned. As more than 9 million baby boomers retire in waves, the founders and first-generation baby boomer owners of all...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Liquidity If I learned anything from ten years operating the world’s largest workout firm for sureties engaged in construction bonding, it’s that liquidity (or the lack thereof) is the most important predictive metric on a construction company’s balance sheet....
