by Simplar | Jan 14, 2021 | Developer Delimas/Issues, Developer Delimas/Issues
Developer’s Dilemma “This Financing Doesn’t Fit” Warren Buffet once famously quipped, “I wear expensive suits. They just look cheap on me.” Traditional developer debt financing is a long-standing, robust banking product that has helped fuel the building of America....
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...
by Simplar | Jan 14, 2021 | Contractor Default, Contractor Default
Out of Tune A construction project is an intricate labyrinth of independent/inter-dependent craftsmen making carefully coordinated contributions to the finished product over an extended period of time. Perhaps no other human endeavor requires such precise complex...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning
Best Value Construction’s Six Sigma In the 1980s, 37% of all construction projects reported major defects. 37%!!! No manufacturing company would survive a 37% defect rate. By the 1990s, the construction industry suffered 33% of construction projects over budget and...
by Simplar | Jan 14, 2021 | Contracting Methods, Contracting Methods
Customer Anti-Relations In construction, the customer is often seen as an adversary. Contractors have a contentious relationship with owners, architects, and designers and most owners see contractors as potentially problematic vendors that bear watching. This...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Construction’s “No-Win” Risk Management/Transfer A survey of 125 construction owners by Engineering News Recordfound that only half would hire the same construction firm again, a third of all projects were over budget, nearly half were completed late, and 13% were...
