Strategic Planning

Strategic Planning

Strategic Planning - By Any Other Name Would Smell as Sweet  Without ever using the word “strategy” or “strategic thinking” or, God forbid, “strategic planning”, Dr. Kenn Sullivan and I discuss managing risk through a process of strategic thinking in…

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Customer Anti-Relations

Customer Anti-Relations

Customer Anti-Relations In construction, the customer is often seen as an adversary. Contractors have a contentious relationship with owners, architects, and designers and most owners see contractors as potentially problematic vendors that bear watching. This relationship often devolves into contract…

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Another Low-Bid Loophole

Another Low-Bid Loophole

Another Low-Bid Loophole by Jake Smithwick, Assistant Professor, University of North Carolina at Charlotte Within the construction industry, the heavy/civil sector consists of site development and infrastructure projects, such as those related to earthwork, bridges, railways, highways, and aviation. In…

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Too Much Of A Good Thing

Too Much of a Good Thing

Too Much of a Good Thing Our construction industry is enjoying a robust rebound since the depths of the Great Recession, (2009-2012). Residential, commercial, industrial, public and private sectors are all participating, and the future looks pretty good. When the…

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Pre-Contract Planning

Pre-Contract Planning

Pre-Contract Planning Detailed project planning prior to contract award is not as common in construction as you might think. Research reveals that traditional procurement processes typically select a contractor and move directly into contract award without any formal project planning.…

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Risk Encounter

Risk Encounter

Risk Encounter  The Simplar Institute Project risk in construction is defined in basic terms as unplanned cost or schedule changes that crop up during a construction project. Unplanned cost and schedule changes are ubiquitous in construction and have led to a universally negative perception…

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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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