Trust Your Gut
by Simplar | Jan 25, 2024 | Project Selection, Project Selection, Risk Management, Risk Management, Weekly Construction Message
I have railed against low bid contracting for many years as the root cause of shrinking contractor profit margins and increasing contractor failure. In principle, it is an insane way to do business (selling a product for the lowest price rather than the highest price...Take the Road Less Traveled
by Simplar | Jan 11, 2024 | Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
The title of this blog is our theme for 2024. It is too hard to make good money in our industry these days. Contractors risk their own capital taking on enormous and highly complex projects that require expert knowledge and execution and often last for years. But,...How Beliefs Influence Decision Making
by Simplar | Nov 30, 2023 | Business of Construction, Growth, Growth, Weekly Construction Message
What is clear after 50 years of research into the business of construction is that construction professionals make business decisions based on their beliefs. Beliefs are firmly held convictions that go largely unexamined but nonetheless strongly influence our...Two Major Risk Factors
by Simplar | Oct 19, 2023 | Business of Construction, Project Delivery, Risk Management, Risk Management, Weekly Construction Message
The two major risk factors built into contracting: 1) Chronic under-capitalization 2) Highly complex transaction Chronic Under Capitalization Every contractor I have worked with over these past 40 years has been plagued by cash flow problems at one time or another....Search Past Blogs by Keywords
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