by Simplar | Dec 11, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Organization Transformation, Partnering, Planning, PM, Project Delivery, Weekly Construction Message
“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...
by Simplar | Nov 6, 2025 | Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Managing Subcontractors, Weekly Construction Message
Contractors handle large amounts of money but get to keep only a very small portion. In this way, the construction financial transaction imposes yet another unintended role and risk on contractors. They are functioning as fiduciaries at great expense to themselves. As...
by Simplar | Oct 2, 2025 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Risk management begins with recognition, proceeds to evaluation, and ends with a detailed mitigation plan. This analytical process should begin at the project selection stage. After a contract is signed and a project is underway, if there is a negative impact from the...
by Simplar | Jun 26, 2025 | Built Environment, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Risk Management, Risk Management, Weekly Construction Message
A major theme throughout the Godfather trilogy is betrayal by enemies hidden within the family. “You’re nothing to me now, Fredo” Al Pacino says to his brother who has betrayed him in Godfather 2. “Nothing happens to Fredo while my mother is...
by Simplar | Apr 3, 2025 | Business Failure, Business, Strategic & Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
The First Projects “How recruiting and training begins.” After a contracting company gets underway, the founder rarely works on the job site. In the startup stage, the founder is usually involved in procuring materials and looking around the market for the next...
by Simplar | Feb 20, 2025 | Business Failure, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
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...
