by Simplar | Jan 14, 2021 | Business Failure
Current Construction Recovery Top Line vs. Bottom Line Since 2012 the construction industry has been enjoying a robust recovery. In this blog I have been alerting contractors to the business risks hidden in the euphoria of construction market upswings. Now that we...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning
Fixed-Price Rest In Peace An article in The Engineering News Recordforetells the ultimate demise of fixed-price contracts: SNC-Lavalin Fixed-Price Exit Could Boost Rival July 27, 2019 ENR, Debra K. Rubin Canadian design-build giant SNC-Lavalin Group Inc. said on...
by Simplar | Jan 14, 2021 | Financial Management and Risk, Financial Management and Risk
Asset and Work Management Software An Adoption Story Innovation is the current business buzz word. Companies that fail to innovate are destined to fall behind and disappear from the scene. Witness the recent demise of the brick and mortar retail industry....
by Simplar | Jan 14, 2021 | Financial Management and Risk
Russian Roulette Remember Russian roulette, the lethal game of chance found in the story, “The Fatalist”, by Russian poet Mikhail Lermontov? You take a revolver which has six empty chambers, insert a single cartridge, and then give the cylinder a good spin. When the...
by Simplar | Jan 14, 2021 | Business Failure, Managing Subcontractors
A Negative Bias We called this blog “Let’s Talk Business” (letstalkbusiness.net) because we wanted to emphasize business management issues in construction as opposed to operations, engineering, or design. Many senior managers in the construction industry started as...
