by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk Minimization (Part 2) In last week’s blog, Construction’s No-Win, research data led us to the conclusion that risk cannot be effectively transferred in contract negotiations and that only highly competent contractors can manage risk for all stakeholders. “Risk...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
The Surety Construction’s “Sports Book” Sureties operate the “sports book” for the construction industry. They handicap risk by setting rates and issuing bonds. They “book” the contractor’s bet that he will complete a project as contracted. They “set the line”....
by Simplar | Jan 14, 2021 | Productivity
Productivity A Risk Factor Our ongoing discussion of Risk has led us to take a look at labor productivity. One of the most important factors in accurate estimating, planning, and executing profitable contracts is forecasting a productive labor force that can produce...
by Simplar | Jan 14, 2021 | Business Development, Business Development
The Yin & Yang of Construction If blue was the only color, there would be no blue. Without sound there is no silence. “In ancient Chinese philosophy, yin and yang is a concept of dualism describing how seemingly opposite or contrary forces may actually be...
by Simplar | Jan 14, 2021 | Proposal Writing, Proposal Writing
Beyond “Low Bid” What Now? The idea that always choosing the low bidder on a construction contract would protect budgets and prevent corruption has run its course. It is now almost an axiom of the construction industry that the hidden cost of broken schedules and...
by Simplar | Jan 14, 2021 | Project Teams, Project Teams, Project Teams
Building Effective Teams Engineers, architects, iron workers, concrete finishers, sheet metal workers, carpenters, electricians, and plumbers all work together with offsite vendors and suppliers in an intricate dance of coordinated individual functions as a skyscraper...
