by Simplar | May 12, 2021 | Business Development, Business Development, Leadership, Leadership, Weekly Construction Message
This year we are going from top to bottom in our review of construction’s “best-in-class” management practices. We began at the traditional top of business organizations, the Board of Directors (Advisors). Because the construction industry is largely made up of...
by Simplar | Apr 14, 2021 | Leadership, Leadership, Weekly Construction Message
How to Assemble a Board of Advisors I often mention that the construction industry has the highest failure rate of all industries with the exception of restaurants. Most of my readers infer from this statistic that I’m implying construction’s failure rate is due...
by Simplar | Jan 14, 2021 | Equipment Management, Equipment Management
Subject: Purchase price vs real price This $250,000 Dozer Is Not FREE I was looking for holes. As a salvage expert working for sureties who were exposed to enormous losses by sudden contractor failure, I was completing jobs across the country and at the same time...
by Simplar | Jan 14, 2021 | Growth
Cash is Slippery For the past few months we have been dealing with the risk factors hidden in growth markets and the risk mitigation techniques that construction management might employ. Now it is time to cut to the chase and identify the mother of all risk –...
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...
