by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
EMBRACE CHANGE Because the only thing permanent in life is change “To improve is to change; to be perfect is to change often.” Winston Churchill “If you do not change direction, you may end up where you are heading.” Lao Tzu “When we are no longer able to change a...
by Simplar | Jan 14, 2021 | Leadership
Beyond COVID-19 I’ve been ringing the “fire bell” constantly since this COVID-19 pandemic broke out in March, and I’m getting tired of hearing my own cautionary tale. This week, I’m 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 “Let’s Talk Business” (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 Dateline: Engineering News Record, August 26, 2020, Debra K. Rubin and Peter Reina “…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 Be Our Long-Term Salvation Any hope that the coronavirus pandemic would quickly diminish, and the world’s 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 Management Part 4 Financial Capacity When Babe Ruth was asked how he used to hit his way out of a batting slump, he replied, “I remembered to keep my eye on the ball.” This series of blogs on capital management are intended to be a reminder to construction...
