The simplest definition of conglomerate is – a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. What a perfect description of a construction company! As I have said so often in the past, each...
Beware DE-flation Thomas c Schleifer, Ph.D. I can hear you. I know what you’re thinking… “DE-flation?!!…I thought we were worried about INFLATION! Rampant cost inflation in materials and wages is the topic du jour – isn’t it? What’s this about DEFLATION?” Let...
Stable Markets: Where All Profits Reside Two weeks ago, I ended the message by expounding Schleifer’s First Law: Contractors Thrive During Stable Markets Today, I begin with Schleifer’s Second Law of Market Dynamics: There is No Such Thing as a Stable...
My overview of the construction industry breaks down the management function into three broad categories: 1. Getting the work 2. Doing the work 3. Accounting for the work. The Chief Financial Officer’s (CFO’s) role in “Accounting for the work” is...
The Destructive Low Bid Myth by Simplar Institute About 150 years ago, our forefathers bestowed the competitive bidding concept on us in order to curb corruption, inefficiency, and mismanagement by government officials. In New York, the competitive bidding...
Cut the Payroll Not the Culture Even though we have never experienced a viral contagion on the scale of this pandemic before, we have, in fact, recently experienced a similar business interruption called the Great Recession of 2008. We know about suddenly shrinking...