by Simplar | Oct 12, 2023 | Business Development, Business Development, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Growth, Growth, Weekly Construction Message
Capital capacity is just a fancy way of saying having enough cash around to finance projects ongoing plus projects under consideration. The construction industry is grossly undercapitalized. This, I believe, is the primary risk factor that contractors deal with daily...
by Simplar | Sep 20, 2023 | Business Failure, Business Failure, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Partnering, Planning, PM, Weekly Construction Message
Risk Mitigation Thomas C Schleifer, Ph.D. Thirty-five years ago, I initiated research that resulted in ranking construction contracting #2 in business failure rate (restaurants are #1). That data inspired me to begin ongoing research into the causes of construction...
by Simplar | Jul 20, 2023 | Business Development, Business Development, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Project Selection, Project Selection, Weekly Construction Message
Tony the Temper Thomas C Schleifer, Ph.D. Contractors and their senior executives don’t pull wire, pour concrete, drive nails, or dig holes. They don’t do the estimating, scheduling, or accounting for ongoing work. Once a contract is signed and a project is underway,...
by Simplar | Jul 13, 2023 | Built Environment, Business of Construction, Leadership, Leadership, Leadership, Weekly Construction Message
True or False Thomas C Schleifer, Ph.D. Beliefs The human brain is a problem-solving instrument that learns how to care for its host through experience. Its job is to keep us safe from harm and, as it makes its journey through life, it remembers the choices that work...
by Simplar | Oct 6, 2022 | Built Environment, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Project Delivery, Weekly Construction Message
Defense Mechanisms Thomas C Schleifer, Ph.D. Last week we renamed the impending “recession” being brought on by the Fed’s interest rate battle against inflation – “bottom-line recession” – for the construction industry. Bottom-line...
