The Bookie and The Bettor
by Simplar | Dec 14, 2023 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Every bet has a winner and a loser. The bookie always wins a little, but the bettor often loses a lot. What’s the difference? The Recognition and Management of Risk. Risk Recognition Both the bookie and the bettor recognize that every bet has a winner and a loser....Risk Mitigation
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...A Flawed Business Model
by Simplar | Aug 31, 2023 | Business of Construction, Business, Strategic and Project Planning, Project Delivery, Project Selection, Weekly Construction Message
A Flawed Business Model Thomas C Schleifer, Ph.D. Construction organizations often select projects to fill their growth goals, satisfy their need for immediate cash flow, capture work near their headquarters, keep their crews busy, serve owners they have worked for...Managerial Maturity
by Simplar | Aug 24, 2023 | Built Environment, Business of Construction, Project Delivery, Weekly Construction Message
Managerial Maturity Thomas C Schleifer, Ph.D. Back in the day when I started as a contractor, construction was still considered a custom product and my brother and I enjoyed sufficient profit margins despite our inexperience and limited management training. In other...Search Past Blogs by Keywords
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