by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Strategy Defined What’s all this about strategic planning? Many contractors still consider strategic thinking an academic exercise not worth taking into the real world of nuts and bolts construction. Ask a contractor if he considers himself a “doer” or a “thinker”,...
by Simplar | Jan 14, 2021 | Growth
Key Personnel Retention Growth Risk Factor Four Thirty years of research into the causes of contractor failure has revealed that when companies aggressively participate in growth construction markets, they encounter five recurrent and industry-wide elements of risk...
by Simplar | Jan 14, 2021 | Project Selection, Project Selection, Project Selection
Two Steps To Project Selection Risk Contractors know that they accept a certain amount of risk every time they enter into a new contract. However, they are challenged to select projects that their organization will be able to complete profitability. How much risk...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
The Surety Construction’s “Sports Book” Sureties operate the “sports book” for the construction industry. They handicap risk by setting rates and issuing bonds. They “book” the contractor’s bet that he will complete a project as contracted. They “set the line”....
by Simplar | Jan 14, 2021 | Succession Planning, Succession Planning
Succession Dilemmas When Construction Companies Outgrow the Founder Case Study The founder and aging CEO of a fast-growing construction company recently asked me to help him with his succession problem. He summed it up with one memorable sentence; “What in God’s name...
by Simplar | Jan 14, 2021 | Current Events/Interests, Current Events/Interests
Reality Check #3 Risk Mitigation in Growth Markets In 2014 We Cautioned… “Our studies reveal a very disheartening fact: Success in the construction industry, even for very long periods, doesn’t guarantee continuing success. In fact, the study indicates clearly...
