by Simplar | Jul 21, 2022 | Built Environment, Business of Construction, Weekly Construction Message
Making Book Dr. Thomas C Schleifer I should have called The Project Selection Program the “Contractor’s Odds-Making Tool” because, in the end, I designed it to work just like a Vegas sports book. By isolating the most common causes of project...
by Simplar | Jul 7, 2022 | Built Environment, Business of Construction, Partnering, Planning, PM, Procurement, Weekly Construction Message
The Gambler Dr Thomas C Schleifer Why do so many construction companies fail without anyone realizing they were about to go under? When I ran the largest surety consultancy in the country that completed projects for bonding companies after construction firms had...
by Simplar | May 19, 2022 | Business Development, Business Development, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
No Guesses – No Surprises, Number Two Dr Thomas C Schleifer Last week we looked at how a construction CFO crafts a cash flow plan, project by project. A cash flow plan is also an essential part of a construction company’s mid-term (six months to a year)...
by Simplar | May 12, 2022 | Business of Construction, Financial Management and Risk, Organizational Change Management, Weekly Construction Message
No Guesses – No Surprises Cash flow mismanagement is a primary cause of construction business failure. Many contractors started their business undercapitalized and had to apply the art of cash flow management by “kiting” checks, overdrawing working capital lines...
by Simplar | Jul 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
The Construction Customer Our research indicates that the majority of owners and designers engaged in construction projects come at the experience with a “commodity mind-set”. To them, the contractor merely performs a function that any contractor could perform so the...
