Managing the Profitable Construction Business: The Contractor's Guide to Success and Survival Strategies

by Thomas C. Schleifer, Kenneth T. Sullivan, John M. Murdough

Thisbook is based onDr.Schleifer's 45 yearsexperience, acombination of practical, hands-onwork as a contractor and his work assisting financially distressed companies. This hasgiven Dr. Schleifer a unique perspective on the causes of business failure and how to avoid them.Hisno-nonsensephilosophy is: We cannot control the market, but we can control our response to it.Part one of each chapterfocuseson potential causes of contractor failure and how to avoid them. Schleifer's methods are largely based on data from his 8years asa surety consultant in the construction industry as heassisted in the resolution or salvage of hundreds of distressed or failed construction firms and projects.Part twoof each chapterdiscusses a workable management strategy, which isbasically a Do to complement part one's Dont. Chapter Topics: Project size, Geographic Location, Replacing Key Personnel, Managerial Maturity, Controlled Borrowing, Accounting Proceses, Financial Analysis and Indicators, Pre-Contract Planning, and Delivery

Genres: Construction

282 pages, ebook

First published January 1, 2014

Reviews

[Collier Kennington · Rating 5 out of 5]

Amazing book! Gives great insights into how to manage a cash hungry construction company. Tons of great financial principles and construction management ideals in this book. This is a must read for anyone wanting to scale and better manage their construction company.