Project Delivery - Simplar Foundation

Profitable Project Selection

by Simplar | Jan 17, 2025 | Business, Strategic and Project Planning, Project Selection, Project Selection, Risk Management, Weekly Construction Message

Profitability in construction begins with project selection. Ours is the only industry that signs a binding contract to sell our service for a fixed price, not knowing exactly what it will cost to provide that service. What’s worse, we bid in a highly...

“Where Ignorance is Bliss…”

by Simplar | Nov 7, 2024 | Built Environment, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Project Selection, Risk Management, Weekly Construction Message

A Case Study I was very young when I found myself running the field operation of the contracting firm my brother and I started. After a number of years, we were the successful bidder on a church nearby. We diligently submitted our first payment requisition to the...

The Bean Counter Belief

by Simplar | Oct 31, 2024 | Business of Construction, Financial Management and Risk, Weekly Construction Message

Contractors usually start out as closely held companies that grow their business gradually over time. Many have formal education as engineers or constructors, but rarely do they have any business education or experience. Their first bookkeeper is often their spouse or...

Unexamined Beliefs

by Simplar | Oct 24, 2024 | Built Environment, Business of Construction, Business, Strategic and Project Planning, Labor & Labor Issues, Organization Transformation, Project Delivery

The construction industry is perhaps the best example of an industry built on firmly held but largely unexamined beliefs. Most contractors I have worked with over the last 30 years believe that: top line growth in sales is always good; their company can build...