For a contractor to be effectively involved in the early stages of a project beyond understanding the whole project development budget (https://dbmgt.co/2WnXu95) they must also understand the financing and cash flow of the project. Few things are more valuable for a contractor than having a portfolio of negotiated work with a select group of customers who develop multiple projects each year. > If those projects don’t get financed they will never get built. > If those projects don’t cash flow and provide a return to the project owner then their business model is not sustainable. Both of these will have a negative impact on a contractor’s growth and many contractors have gone out of business due to project financing from their customer not being solid. The best contractors build strong relationships with cities, governments, banks, attorneys, investors and others who can help make a project occur. This makes them exceptionally valuable in the early stages of project development and most of the time they will do the construction if they are the ones that materially helped put the deal together. Do you compete at that level? https://dbmgt.co/contact
D. Brown Management’s Post
More Relevant Posts
-
Decision quality IS NOT linearly related to information quantity. In complex environments with elements of uncertainty, data quantity quickly reaches a point of diminishing returns but increases decision confidence which puts you into the danger zone. #businessmanagement #strategy #talent #dbmteam
Decision Quality and Information Quanity
dbmteam.com
-
Defining what you want in quantifiable outcomes is extremely difficult. It's 10X harder to define those outcomes throughout the whole company from field to CEO. Defining the leading activities that create those outcomes is another 10X more difficult. #businessmanagement #metrics #dbmteam
Contractor Scoreboard - Disciplined Execution
dbmteam.com
-
Outcomes are created through doing the right activities. Data is only a proxy for that activity and a metric is a synthesis of lots of data points. Metrics are valuable, but always have a skeptical view of proxies for performance - especially with growth. #businessmanagement #scoreboard #technology #dbmteam
Connecting Metrics to Activities and Outcomes
dbmteam.com
-
There is a high correlation between contractors that have consistently GREAT safety records and consistently GREAT profitability, growth, morale and talent retention. #culture #safety #talent #dbmteam
Correlation Between Safety Culture and Profitability and Growth
dbmteam.com
-
Knowledge Management is a complex topic and the contractors who learn to manage it the best will have an edge in the market. There are several models that can help you visualize the differences between different types of “knowledge” in your organization. #businessmanagement #strategy #talent #dbmteam
Knowledge Management Pyramid
dbmteam.com
-
To attract and retain the best talent, everyone on your team must be able to clearly answer these five questions. Your answers must be competitive with the other choices a potential new team member has. #mangement #recruiting #retention #talent #dbmteam
Attracting and Retaining Talent - 5 Critical Questions
dbmteam.com
-
The business of building is largely about aligning projects and people. The Talent Value Stream (TVS) ensures talent will never be a constraint to your growth. #businessplanning #talentvaluestream #dbmteam
Talent Value Stream (TVS): The Basics
dbmteam.com
-
As contractors grow, they must make decisions and changes around five key areas. At these decision points, they may be experiencing some or all of the eight typical symptoms including stress, customer complaints, and inconsistent growth. #contractorgrowth #leadershiptools #dbmteam
Business Growth Cycle
dbmteam.com
-
Strengthen your Project Management team with training and coaching tailored specifically around your people, projects, processes, and tools. #projectmanagement #training #dbmteam
Building the Project Management Team
dbmteam.com
