by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning
Fixed-Price Rest In Peace An article in The Engineering News Recordforetells the ultimate demise of fixed-price contracts: SNC-Lavalin Fixed-Price Exit Could Boost Rival July 27, 2019 ENR, Debra K. Rubin Canadian design-build giant SNC-Lavalin Group Inc. said on...
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 | 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 | 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...
by Simplar | Jan 14, 2021 | Business Development, Business Development
The Destructive Low Bid Myth by Simplar Institute About 150 years ago, our forefathers bestowed the competitive bidding concept on us in order to curb corruption, inefficiency, and mismanagement by government officials. In New York, the competitive bidding...
by Simplar | Jan 14, 2021 | Change Management, Change Management, Change Management, Change Management
Pivot to Planning The focus of the country’s pandemic response has shifted from managing a public health crisis to reopening the economy. Construction concerns will be pivoting from immediate survival measures to planning for an uncertain future. Exactly what the rest...
