by Simplar | Dec 22, 2022 | Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
Capital Capacity Thomas C Schleifer, Ph.D. Will we be running from rampant cost inflation or deeply mired in top-line recession in 2023? No one seems to know. What we do know is that we donāt know, and thatās treacherous turf. How do contractors decide whether to bid...
by Simplar | Jan 14, 2021 | Cash Flow (Getting Paid)
Capital ManagementĀ Part 4 Financial Capacity When Babe Ruth was asked how he used to hit his way out of a batting slump, he replied, āI remembered to keep my eye on the ball.ā This series of blogs on capital management are intended to be a reminder to construction...
by Simplar | Jan 14, 2021 | Cash Flow (Getting Paid)
Capital Preservation During This COVID Downturn Ā Getting Paid on Time Ā Late Payments Are Every Contractorās Nightmare Last week we began a discussion on the importance of your firmās capital position as this latest COVID-caused market downturn unfolds. When you ask...
by Simplar | Nov 7, 2024 | Built Environment, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Project Selection, Risk Management, Weekly Construction Message
A Case Study I was very young when I found myself running the field operation of the contracting firm my brother and I started. After a number of years, we were the successful bidder on a church nearby. We diligently submitted our first payment requisition to the...
by Simplar | Oct 31, 2024 | Business of Construction, Financial Management and Risk, Weekly Construction Message
Contractors usually start out as closely held companies that grow their business gradually over time. Many have formal education as engineers or constructors, but rarely do they have any business education or experience. Their first bookkeeper is often their spouse or...
