by Simplar | Sep 2, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Leadership, Weekly Construction Message
I spent much of my construction career working for the nation’s top sureties who were providing the payment and performance bonds to our industry. My firm, CMA Consulting Group, was the nation’s largest workout specialist, completing projects left...
by Simplar | Jul 7, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Current Events/Interests, Leadership, Leadership, Leadership, Leadership, Weekly Construction Message
How is it possible that construction concerns being run by professional managers in the 21st century often run out of cash and suddenly cease operations? Most modern industrial companies have heads-up enough to file a bankruptcy and ask the court to help them work out...
by Simplar | Jun 2, 2021 | Business Development, Business Development, Business Development, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
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...
by Simplar | Mar 10, 2021 | Leadership, Leadership, Procurement, Procurement, Weekly Construction Message
ATTENTION OWNERS Look Beyond Low-Bid For the past two years, I have been preaching to contractors the wisdom of looking beyond low-bid. I have been frustrated to receive less than enthusiastic responses from a greater majority of contractors. Their reaction to my...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
Another Low-Bid Loophole by Jake Smithwick, Assistant Professor, University of North Carolina at Charlotte Within the construction industry, the heavy/civil sector consists of site development and infrastructure projects, such as those related to earthwork, bridges,...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Pre-Contract Planning Detailed project planning prior to contract award is not as common in construction as you might think. Research reveals that traditional procurement processes typically select a contractor and move directly into contract award without any formal...
