Tag Archives: construction contractors

Why Contractors Fail

There has been significant research performed to determine why construction companies struggle financially, why they are dysfunctional and why some ultimately fail. The top 10 reasons (in no specific order) are basically business fundamentals and grouped as follows: Lack of a Clear Vision Casting and Defining Corporate Values / Goals and a Solid Market Value […]

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Basic Survival Questions for Today’s Challenging Construction Marketplace

 To survive and prosper in today’s marketplace it is imperative you, as the owner or top management, spend time evaluating your company and the marketplace. Below are some high level questions you might want to ponder. Do you have clearly defined goals for your company and a vision you can articulate to your employees and […]

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Subcontractors and Site Safety

Generally speaking, prime contractors hire subcontractors to perform the majority of the scope of work. The subcontract agreements should outline specific performance requirements for the subcontractor in matters pertaining to safety. The question here is “Do you actually review, on an ongoing basis, the subcontractors compliance to those obligations”? When I ask this question to […]

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Contractors vs. Subs – Assembling the Successful Project Team

Many of you are going to suggest that the ideas expressed in this article are elementary or even stupid.  I’m okay with that, but if everyone is doing everything right, then why do we encounter so many adversarial relationships, lawsuits, wasted time, manpower, and money trying to complete building projects and get paid? Construction is […]

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Shareholder and Employment Agreements – Guaranteed Disaster If Not Executed When Forming Your Business

We all know the scenario. You may even have been, are there now or could find yourself there in the future. Two or more seemingly intelligent people decide to go into business together. They discuss their business plan, have a beer or two and talk about their future success and money they will make. Convinced, […]

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