by Simplar | Jan 14, 2021 | Risk Management
Risk Analysis “Mitigating the Hidden Risks – In the “New Normal” construction environment the construction industry, high risk to begin with, is operating in a new post-recession landscape, characterized by tighter margins and serious labor shortages with less...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Capital Reserves Contractor’s Last Line of Defense For the past three weeks we have been discussing the nature of capital reserves and their importance to contractors trying to manage through the depth and breadth of the current COVIDeconomic downturn. Construction...
by Simplar | Jan 14, 2021 | Organizational Change Management, Organizational Change Management
New Year’s Resolutions 2020 has been an unusual year to say the least. Starting with a growing construction market that was anticipating a huge infrastructure bill coming out of Congress and struggling with a critical shortage of skilled labor, the year was suddenly...
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...
