by Simplar | Jul 7, 2022 | Built Environment, Business of Construction, Partnering, Planning, PM, Procurement, Weekly Construction Message
The Gambler Dr Thomas C Schleifer Why do so many construction companies fail without anyone realizing they were about to go under? When I ran the largest surety consultancy in the country that completed projects for bonding companies after construction firms had...
by Simplar | Jun 23, 2022 | Built Environment, Business of Construction, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Weekly Construction Message
Employee Engagement Dr Thomas C Schleifer Contractors are now recognizing the shortage of skilled labor as their biggest problem. Inflation and supply problems, most believe, are temporary and can be overcome. Not being able to put together a full crew, however, will...
by Simplar | Jun 16, 2022 | Built Environment, Business of Construction, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Weekly Construction Message
Patience World economic markets are now DISORDERLY. In Econ 101 we learn that constraints on supply without attendant constraints on demand lead to inflation. In addition, we learn that in modern complex economies, government monetary policy (the printing of money)...
by Simplar | Jun 10, 2022 | Business of Construction, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Current Events/Interests, Weekly Construction Message
Recession Potential Dr Thomas C Schleifer Everyone agrees that the COVID-19 world-wide economic shutdown, interrupted supply chains, Russia’s barbaric invasion of the Ukraine, fuel shortages, and persistent rampant inflation all add up to, at the very least,...
by Simplar | May 19, 2022 | Business Development, Business Development, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
No Guesses – No Surprises, Number Two Dr Thomas C Schleifer Last week we looked at how a construction CFO crafts a cash flow plan, project by project. A cash flow plan is also an essential part of a construction company’s mid-term (six months to a year)...
by Simplar | Apr 28, 2022 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
SURPRISE We’ve Run Out of Money! What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed...
