A Successful Construction Team

A Successful Construction Team

In the same way a Law Firm is a team of expert attorneys handling legal affairs for clients, a construction company is a team of construction experts providing construction services to clients. The way this team of construction experts is recruited, trained, and...
Decision Tree Analysis

Decision Tree Analysis

Decision tree analysis is not a scientific way to make decisions but rather a visual representation of the decision-making process that goes on inside the head of decision makers. At first, a decision tree appears as a tree-like structure or graph with different nodes...
 Retained Earnings

 Retained Earnings

“The ultimate measure of performance is not what is earned, but how the earnings are used to increase a construction company’s value.” (The Business of Construction Contracting, Thomas C. Schleifer, Aaron B. Cohen, Wiley, 2025 The only way for small...
Setting the Line

Setting the Line

Continuing last week’s risk discussion: Recognizing, identifying, and measuring risk is a critical pre-bid task. A Las Vegas sports book doesn’t wait to set the line until after the game. A handicapper who failed to take a key player’s injured wrist into account or...