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 cost...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning
Expertise Project Delivery A Best Value Approach A recent article in the Engineering News Record, exposed the growing pains that have developed as prequalification procurement tools are transitioning to digital formats. What Contractors Are Saying “New...
by Simplar | Jan 14, 2021 | Financial Management and Risk, Financial Management and Risk
Sources and Uses of Funds In our ongoing discussion of risk throughout 2018, the multiple risk factors identified boiled down to one core flaw that brought down the majority of failed contractors – a shortage of capital. For one reason or another, the failed...
by Simplar | Jan 14, 2021 | Project Selection, Project Selection, Project Selection
Two Steps To Project Selection Risk Contractors know that they accept a certain amount of risk every time they enter into a new contract. However, they are challenged to select projects that their organization will be able to complete profitability. How much risk...
