Managing the Profitable Construction Business

Managing the Profitable Construction Business Author Thomas C. Schleifer
ISBN-10 9781118837139
Year 2014-02-21
Pages 288
Language en
Publisher John Wiley & Sons
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Take control of your construction contracting business and manage it through the natural highs and lows of the construction market. Learn from a team of construction business veterans led by Thomas C. Schleifer, who is commonly referred to as a construction business "turnaround" expert due to the number of construction companies he has rescued from financial distress. His financial acumen, combined with his practical, hands-on experience, has made him a sought-after private consultant. His experience and no-nonsense philosophy have truly given him a unique perspective. Important topics covered include: Understanding the primary areas of construction business failure in the next decade Minimizing business risk with real-world examples Developing a positive and competent management attitude and strategy Discover how to maneuver through this complicated and risky industry by using the authors' research and proven success strategies to sustain and grow your business.

Construction Contractors Survival Guide

Construction Contractors  Survival Guide Author Thomas C. Schleifer
ISBN-10 0471513245
Year 1990-03-16
Pages 155
Language en
Publisher John Wiley & Sons
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The turnover rate for companies in the construction industry is high. This book identifies the ten key elements of contractor failure and shows how to avoid them. Each element of failure is defined, illustrated by real examples, and ways are discussed to avoid or minimize the risks involved. The final chapter shows how to bring all these elements together to develop a positive and workable management strategy. This survival guide should prove invaluable to the 1.4 million individual construction-industry businesses in this country.

Construction Business Management

Construction Business Management Author Nick B. Ganaway
ISBN-10 9781136414879
Year 2007-06-01
Pages 224
Language en
Publisher Routledge
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Only 43 per cent of U.S. construction firms remain in business after four years. Why? Inadequate management, according to the U.S. Small Business Administration. This is surprising because most construction firms are formed by ambitious construction project managers, executives and tradesmen who have excelled at what they have been doing. But as experienced as these entrepreneurs may be, they are not likely prepared to take on the full range of responsibilities forced on them in managing the business of construction in its entirety. While this business failure rate and its causes are based on U.S. experience, available data from a number of other industrialized countries shows they are similar. This book describes in detail what the business side of the construction equation requires of the construction firm owner. The contractor who quickly learns these requirements can identify and avoid or manage around the pitfalls that cause the high failure rate in our industry and put his or her construction firm on a level playing field with the best-run companies in the business. The detailed duties of the owner, whether in the U.S., U.K., Australia or Canada, are a common theme throughout the book. The author, Nick Ganaway, speaks peer-to-peer, and the book is sprinkled with supporting examples from his own experience. He is immersed in the industry and this book is "based on the things I've learned, used, and refined as a light-commercial general contractor in the course of starting and operating my own construction firm for 25 years." The contractor doing $5 million or $50 million or more in annual sales or the equivalent amount in other countries, or the entrepreneur who is just starting up, can use the tried and proven material in this book to build a business that is profitable, enjoyable, and enduring. Additionally, the book devotes a chapter to specializing in chain-store construction.

The Construction MBA Practical Approaches to Construction Contracting

The Construction MBA  Practical Approaches to Construction Contracting Author Matt Stevens
ISBN-10 9780071763264
Year 2012-07-02
Pages 480
Language en
Publisher McGraw Hill Professional
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Proven business strategies for operating a profitable and efficient construction firm Written by a successful management researcher, advisor, and educator to construction contractors, The Construction MBA reveals effective operating practices for managing the multiple processes that must work simultaneously to make a construction firm consistently profitable. The methods in the book apply to both general and specialty contracting firms and describe how to grow both the top line and bottom line. This strategic resource explains how to integrate metrics into your business model that allow you to identify and react to critical trends. You'll learn ways to gain the competitive edge by adopting superior processes, speeding up your business cycle, and maximizing client satisfaction. Tips for positioning your firm on the "sweet spot" of the risk-reward curve are also included. Realworld case studies demonstrate the concepts presented in this practical guide. In addition, eight legendary management books are reviewed and their lessons are applied to the construction contracting business. The Construction MBA covers: The new business model Corporate objectives and strategies Work acquisition Operations management Human resources Financial management Technology Good operating practices

Construction Contracting

Construction Contracting Author Richard H. Clough
ISBN-10 9781118693216
Year 2015-04-06
Pages 640
Language en
Publisher John Wiley & Sons
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The definitive contracting reference for the construction industry, updated and expanded Construction Contracting, the industry's leading professional reference for five decades, has been updated to reflect current practices, business methods, management techniques, codes, and regulations. A cornerstone of the construction library, this text presents the hard-to-find information essential to successfully managing a construction company, applicable to building, heavy civil, high-tech, and industrial construction endeavors alike. A wealth of coverage on the basics of owning a construction business provides readers with a useful "checkup" on the state of their company, and in-depth exploration of the logistics, scheduling, administration, and legal aspects relevant to construction provide valuable guidance on important facets of the business operations. This updated edition contains new coverage of modern delivery methods, technology, and project management, with sample contracts and documentation and a companion website for additional guidance. The field of construction contracting comprises the entire set of skills, knowledge, and conceptual tools needed to successfully own or manage a construction company, as well as to undertake any actual project. This book gives readers complete, up-to-date information in all of these areas, with expert guidance toward best practices. Learn techniques for accurate cost estimating and effective bidding Understand construction contracts, surety bonds, and insurance Explore project time and cost management, with safety considerations Examine relevant labor law and labor relations techniques Between codes, standards, laws, and regulations, the construction industry presents many different areas with which the manager needs to be up to date, on top of actually doing the day-to-day running of the business. This book provides it all under one cover – for the project side and the business side, Construction Contracting is a complete working resource in the field or office.

Managing a Construction Firm on Just 24 Hours a Day

Managing a Construction Firm on Just 24 Hours a Day Author Matt Stevens
ISBN-10 9780071631471
Year 2006-11-09
Pages 406
Language en
Publisher McGraw Hill Professional
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This detailed overview of the construction contracting business delivers an invaluable collection of best practices, forms, templates, and checklists designed to reduce risks and increase profits. Contractors will learn everything they need to know about the make-or-break areas of estimating, pricing, bidding, project management, and financial management. The author is well-known in the industry, with a weekly newsletter, website, online digest, regular column for Contractor magazine, and 70-plus seminar bookings for 2006 Extensive examples and illustrations help readers apply the insights offered

Running a Successful Construction Company

Running a Successful Construction Company Author David Gerstel
ISBN-10 1561585300
Year 2002
Pages 265
Language en
Publisher Taunton Press
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A guide to running a construction company that provides tips and information on creating operating procedures, improving worker skills, using computers, keeping the right forms and paperwork up to date, competitive bidding, and other topics.

Level Headed

Level Headed Author J. Doug Pruitt
ISBN-10 162787108X
Year 2014-03
Pages 190
Language en
Publisher
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Level Headed takes you behind the scenes of one of the greatest business turnaround stories of the twenty-first century. Your narrators are Doug Pruitt, chairman and chief executive officer of Sundt, and Richard Condit, senior vice president and chief administrative officer. Both men led Sundt from the front lines during its darkest times, triumphing over extraordinary challenges by implementing solid business fundamentals. For the first time ever, in these pages, Pruitt and Condit reveal the real life story of how one of the most profitable companies in American business fell so fast, and then rose back up from the ashes more successful than ever. What can other businesses, especially in these troubled economic times, learn from the story of Sundt and its remarkable turnaround? In a word: Everything!

Risk Management for Design and Construction

Risk Management for Design and Construction Author Ovidiu Cretu
ISBN-10 1118028635
Year 2011-05-04
Pages 261
Language en
Publisher John Wiley & Sons
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The essential risk assessment guide for civil engineering, design, and construction Risk management allows construction professionals to identify the risks inherent in all projects, and to provide the tools for evaluating the probabilities and impacts to minimize the risk potential. This book introduces risk as a central pillar of project management and shows how a project manager can be prepared for dealing with uncertainty. Written by experts in the field, Risk Management for Design and Construction uses clear, straightforward terminology to demystify the concepts of project uncertainty and risk. Highlights include: Integrated cost and schedule risk analysis An introduction to a ready-to-use system of analyzing a project's risks and tools to proactively manage risks A methodology that was developed and used by the Washington State Department of Transportation Case studies and examples on the proper application of principles Information about combining value analysis with risk analysis "This book is a must for professionals who are seeking to move towards a proactive risk-centric management style. It is a valuable resource for students who are discovering the intricacies of uncertainties and risks within value estimation. For professionals, the book advocates for identifying and analyzing 'only' risks whose impact are of consequence to a project's performance." —JOHN MILTON, PhD, PE Director of Enterprise Risk Management, Washington State Department of Transportation

Pricing and Profitability Management

Pricing and Profitability Management Author Julie Meehan
ISBN-10 9780470827055
Year 2011-06-28
Pages 320
Language en
Publisher John Wiley & Sons
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The practical guide to using pricing and profitability management to build a better business A comprehensive reference for any business professional looking to understand the capabilities and competencies required for effectively managing pricing and profitability, Pricing and Profitability Management explains how to determine the right approach, tools, and techniques for each of six key categories (pricing strategy, price execution, advanced analytics and optimization, organizational alignment and governance, pricing technology and data management, and tax and regulatory effectiveness). Exploring each category in detail, the book addresses how an integrated approach to pricing improvement can give a sustainable, competitive advantage to any organization. The ultimate "how to" manual for any executive or manager interested in price management, the book presents a holistic, comprehensive framework that shows how integrating these pricing categories into a cohesive program leads to impressive gains that cannot be achieved through a single-pronged approach. Presents a comprehensive framework for more effectively managing pricing and profitability Identities the six key categories of pricing and profitability management Shows you how to gain a competitive edge by managing pricing and profitability Taking a comprehensive view of pricing, companies can position themselves to tap a vast source of shareholder value—the ability to set and enforce profitable prices, not just once, but again and again in response to marketplace changes and evolving business needs—and this book will show you how.

Managing a Construction Firm on Just 24 Hours a Day

Managing a Construction Firm on Just 24 Hours a Day Author Matt Stevens
ISBN-10 9780071631471
Year 2006-11-09
Pages 406
Language en
Publisher McGraw Hill Professional
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This detailed overview of the construction contracting business delivers an invaluable collection of best practices, forms, templates, and checklists designed to reduce risks and increase profits. Contractors will learn everything they need to know about the make-or-break areas of estimating, pricing, bidding, project management, and financial management. The author is well-known in the industry, with a weekly newsletter, website, online digest, regular column for Contractor magazine, and 70-plus seminar bookings for 2006 Extensive examples and illustrations help readers apply the insights offered

Project Management in Construction

Project Management in Construction Author Sidney Levy
ISBN-10 9780071781961
Year 2006-08-31
Pages 402
Language en
Publisher McGraw Hill Professional
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New to this edition: New chapters on Quality Control and Quality Assurance and Successful Commencement; new material on Ethics, Estimating a Project During Design, and Design Build Market: general contracting companies; specialty subcontractors SI units are included for international usage

Building Innovation

Building Innovation Author David Gann
ISBN-10 0727725963
Year 2000
Pages 257
Language en
Publisher Thomas Telford
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In order to deliver value, maintain competitiveness and remain profitable, construction professionals need to develop their capabilities for managing innovation and technical change. This new book presents a rich historical framework for understanding how to manage contemporary changes. It starts in the Machine Age, showing how a sophisticated set of industries and design processes have evolved to work with new materials, components and systems, culminating in the experiences and skills needed to integrate systems in the Digital Age. The book compares approaches and draws lessons from Europe, Japan and North America. It addresses the role of government policies and professional institutions in supporting innovative approaches aimed at improving performance in construction. It concludes with lessons for the management of technology and innovations in project based firms, assessing skills and forms of business organisations needed to compete in today's dynamic markets.

Edge Strategy

Edge Strategy Author Alan Lewis
ISBN-10 9781633690165
Year 2015-12-29
Pages 224
Language en
Publisher Harvard Business Review Press
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Are you missing opportunities for growth that are right in front of you? In today’s volatile economic environment, filled with uncertainty and sudden change, the forces pushing you to stay focused on the core business are extremely powerful. Profiting from the core is crucial, but the danger is that overfocus on the core can blind companies. Scanning the horizon for new markets and new products can also be tempting, but risky. Fixating too much on either strategy can cause you to miss the substantial opportunities for growth that are often hidden in plain sight, at the edge of the core business. In this insightful yet practical book, strategy experts Alan Lewis and Dan McKone articulate a mindset that helps leaders recognize and capitalize on these opportunities. The Edge Strategy framework challenges how the boundaries of your existing products and services map to your customers’ views of the world and then provides three different lenses through which you can see and leverage value: • Product edge. How to capture incremental profits and other benefits by slightly altering the elements and composition of a core offering • Journey edge. How to create and capture extra value by adjusting your role in supporting the customer’s journey to and through your offering • Enterprise edge. How to unlock additional value from resources and capabilities that support your core offering by applying them in a different context, for a different offering or different set of customers With engaging examples across many industries, Lewis and McKone coach you on how to identify and assess each of the different “edges” and then provide concrete insights and advice on applying edge strategy and tactics to use in specific business contexts. The book concludes with a ten-step process to help executives and managers find and leverage the edges in their own companies. Edge Strategy is the concise, hands-on guide for growing your business by getting more yield from assets already in place, relationships already established, and investments already made.

Construction Leadership Success

Construction Leadership Success Author Jason C. McCarty
ISBN-10 0983589305
Year 2011-07-01
Pages 326
Language en
Publisher
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WHAT DO ALL SUCCESSFUL CONSTRUCTION PROJECTS HAVE IN COMMON? A competent team of well-rounded leaders . . . leaders who understand that safety, efficiency, and production are essential for completing projects of all sizes on time and within budget. All construction foremen are given the opportunity to lead crews based on work ethic, mechanical skills, technical knowledge, and reputation-and these attributes are extremely important towards getting the job done. But many other critical concepts and skills need to be fully understood and employed before it is possible to become a truly proficient, respected, and successful leader. CONSTRUCTION LEADERSHIP SUCCESS provides industry-specific advice that encompasses the fundamentals of construction leadership and management, with topics ranging from understanding the inner workings of a contracting business to building trust, credibility, and the respect of your peers. APPLY THE KNOWLEDGE, TOOLS, AND TECHNIQUES PROVIDED IN CONSTRUCTION LEADERSHIP SUCCESS TO ENSURE THAT: 1) Every project you manage will be run efficiently and effectively 2) The management style you adopt will encourage and promote the success of those around you 3) Those around you will become willing advocates in your own career advancement 4) Your career in the construction industry will be one of ongoing achievement and accomplishment