by Simplar | Jan 14, 2021 | Growth, Growth
Dangerous DNA Â Americans are competitive. We were raised in the worldâs âland of opportunityâ where doing better than our forebears was not only encouraged but expected. This ingrained expectation to âdo betterâ drives the second and third generation of construction...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management, Risk Management
The Surety Constructionâs âSports Bookâ Sureties operate the âsports bookâ for the construction industry. They handicap risk by setting rates and issuing bonds. They âbookâ the contractorâs bet that he will complete a project as contracted. They âset the lineâ....
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Risk Minimization (Part 2) Â In last weekâs blog, Constructionâs No-Win, research data led us to the conclusion that risk cannot be effectively transferred in contract negotiations and that only highly competent contractors can manage risk for all stakeholders. âRisk...
by Simplar | Jan 14, 2021 | Risk Management, Risk Management
Constructionâs âNo-Winâ Risk Management/Transfer   A survey of 125 construction owners by Engineering News Recordfound that only half would hire the same construction firm again, a third of all projects were over budget, nearly half were completed late, and 13% were...
by Simplar | Jan 14, 2021 | Leadership, Leadership
Beyond COVID Part 3  Construction Company Self-Analysis  After taking steps to mitigate the negative effects of the current pandemic-induced construction market contraction, this âBeyond COVIDâ blog series attempts to look beyond this market cycle and imagine what...
