by Simplar | Jan 14, 2021 | Business Failure, Business Failure
INSIGHTS INTO THE RISK OF FAILURE If that’s all it takes to succeed in the construction business is a pickup truck, a box of tools, a cast-iron stomach, and a forgiving wife, why do so many contractors fail? Check next to the causes listed below that you believe most...
by Simplar | Jan 14, 2021 | Financial Management and Risk
DON’T 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...
by Simplar | Jan 14, 2021 | Succession Planning, Succession Planning
YOU Are the Company Subjects: What makes a company, succession “A closely held construction company is the sum and substance of its experience. All of that sum and substance resides in its people”. (Dr. Thomas Schleifer) Think about that for a minute. Most of us...
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...
