by Simplar | Jan 14, 2021 | Overhead
Overhead This economic slowdown caused by the coronavirus pandemic presents an opportunity for senior construction management to reevaluate and renew their companies, preparing to participate fully in the growth market cycle that will surely follow the downturn. As I...
by Simplar | Apr 9, 2022 | Business Development, Business Development, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Labor & Labor Issues, Labor & Labor Issues, Labor & Labor Issues, Weekly Construction Message
Right Sizing Construction firms grow organically. The start-up contractor hires help as he or she goes along adding overhead as needed to handle the expanding workload. In other words, they are “backfilling” after the work comes in. This is organic growth...
by Simplar | Jan 14, 2021 | Business Development
Flexibility = Profitability I have been talking for years about “Flexible Overhead” as a fundamental management tool in the construction industry. By Flexible OverheadI mean the ability to expand or contract overhead with the same speed as the construction market...
by Simplar | Jan 14, 2021 | Business Development
If You Take Your Eye Off the Ball You’ll Strike Out The Last Downturn The 2008-2012 construction market downturn hit residential construction first. The burst of the $8 trillion housing bubble in 2007, and the subsequent collapse of the financial markets in 2008,...
by Simplar | Jan 11, 2024 | Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
The title of this blog is our theme for 2024. It is too hard to make good money in our industry these days. Contractors risk their own capital taking on enormous and highly complex projects that require expert knowledge and execution and often last for years. But,...
