Best Value

Best Value

Best Value Construction’s Six Sigma By Simplar Institute In the 1980s, 37% of all construction projects reported major defects. 37%!!! No manufacturing company would survive a 37% defect rate. By the 1990s, the construction industry suffered 33% of construction projects…

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The Flash Report

The Flash Report

The Flash Report  Last week I highlighted the critical day-to-day usefulness of liquidity ratios in alerting a CEO that he might be flirting with financial difficulty. Today I would like to back up and take a look at the bigger picture - the CFO’s critical…

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Liquidity

Liquidity

Liquidity If I learned anything from ten years operating the world’s largest workout firm for sureties engaged in construction bonding, it’s that liquidity (or the lack thereof) is the most important predictive metric on a construction company’s balance sheet. Economic…

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Let’s Get Real

Let’s Get Real

“Let’s Get Real” In a recent article I wrote the following: “There is a downside to the great market we are enjoying because some construction enterprises will grow too fast and the rate of growth can be lethal. Most construction…

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Common Sense

Common Sense

COMMON SENSE by Brian Lines, Ph.D., Assistant Professor, University of Kansas Construction industry research usually begins with an everyday practical problem brought to a university faculty by construction industry professionals.  Unfortunately, the resulting published research papers can often sound “academic”,…

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O Captain My Captain

O Captain My Captain

O Captain My Captain Cruise Ship The Captain/Master of a large ocean liner does not steer the ship; that’s the Helmsman. He doesn’t navigate; that’s the First Officer. He doesn’t manage the deck staff; that’s the Bosun, or Boatswain. He…

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Out Of Tune

Out of Tune

Out of Tune A construction project is an intricate labyrinth of independent/inter-dependent craftsmen making carefully coordinated contributions to the finished product over an extended period of time. Perhaps no other human endeavor requires such precise complex coordination. Even a 100-piece…

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Some Company Founders Forget

Some Company Founders Forget

Subject: Succession Planning and Leadership Transitions SOME COMPANY FOUNDERS FORGET THEY WON'T LIVE FOREVER However, Researchers Find Many Don’t by: Dr Anthony Perrenoud, Ph.D., University of Oklahoma Unlike Fortune 500 corporations, construction is still a vast collection of privately-owned, small,…

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What Wins Work

What Wins Work

What Wins Work?How to Write Successful Project Proposalsby Brian Lines, Ph.D., Assistant Professor, University of KansasLow-Bid ProcurementWhen contractors simply had to “sharpen their pencil” to win work, they knew where they stood. In a simpler world, the contractor who could…

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