by Simplar | Jul 28, 2022 | Business of Construction, Financial Management and Risk, Organization Transformation, Weekly Construction Message
The CFO Risk Manager Dr Thomas C Schleifer Contractors are professional gamblers who place big bets that they can profit from complex transactions that often take years to complete. If they’re operating in familiar stable markets, they believe they can win the...
by Simplar | May 5, 2022 | Financial Management and Risk, Financial Management and Risk, Organizational Change Management, Organizational Change Management, Weekly Construction Message
The Science of Cash Flow Management All competent builders should succeed. There is no reason for the contractor failure rate to be the second-highest among all American businesses right behind restaurants. However, because of the complex nature of cash flow in the...
by Simplar | Dec 6, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Organizational Change Management, Organizational Change Management, Organizational Change Management, Weekly Construction Message
The Science of Business Management There seems to be some misconception about what it takes to manage a construction business. Hard-working construction people who make the transition from employee to self-employed usually have an ample dose of common sense combined...
by Simplar | Jan 14, 2021 | Business Failure, Business Failure
INSIGHTS INTO THE RISK OF FAILURE If that’s all it takes to succeed in the construction business is a pickup truck, a box of tools, a cast-iron stomach, and a forgiving wife, why do so many contractors fail? Check next to the causes listed below that you believe most...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk Encounter Project risk in construction is defined in basic terms as unplanned cost or schedule changes that crop up during a construction project. Unplanned cost and schedule changes are ubiquitous in construction and have led to a universally negative...
