Cracking the ‘WIP’
Cracking the ‘WIP’ by Stephane McShane An accurate work-in-progress forecast is a key indicator of the financial aptitude of your organization. Banks and bonding companies rely on your work-inprogress report as an important barometer to establish their confidence in your company. What do your forecasts say about your company? Are the forecasts delivering the type […]
Invest in Standardization; Maximize Productivity
Invest in Standardization;Maximize Productivity Denver-based Maxim Consulting Group, LLC has been helping construction firms develop and streamline their prefabrication operations for the past eight years. Following is Managing Director Michael McLin’s insight on prefabrication trends and best practices. Why interest is rising: We’re in a price-driven market, and supply and demand has been out of […]
Cash Flow — The Lifeblood of Contracting
Cash Flow — The Lifeblood of Contracting by Christine Rahlf Just as any living organism needs a healthy, steady flow of blood to maintain its vital systems and support growth, a contractor needs a healthy, steady flow of cash to meet its financial obligations and fund future expansion. As the economy continues to recover, many […]
Improve Project-Level Cash Flow with Training & Education
BY STEPHANE McSHANE Improve Project-Level Cash Flow with Training & Education For those who have occupied the seat of CFO, controller, or accountant, knowing the importance of cash flow is elementary. But, does that same level of financial aptitude flow throughout your organization? Many companies struggle with creating a culture that stresses the importance of […]
Using Technology as a System of Engagement
Using Technology as a System of Engagement by Brian Chickowski One of the most difficult issues that plagues contractors of all sizes and trades these days is the lack of a tool to monitor the labor production of a project while it’s being constructed. On a typical construction project, labor contains the most risk of […]
The Executive’s Role in Business Development
The Executive’s Role in Business Development Posted @ 11/4/2014 7:40 AM by Stephane McShane | Files in Business A solid business development process can make the difference between stagnancy and growth. But too often, leadership’s main instruction to the business development team is “go get more work” without much direction on how, where or why. […]
‘Double-Handling’ Can Be a Good Thing
SERVICE/MAINTENANCE BY ANDREW MCCOY & FRED SARGENT ‘Double-Handling’ Can Be a Good Thing Coffee break with Michael McLin, president, Maxim Consulting Group WE APPRECIATE ALL OF THE POSITIVE RESPONSE to the new format for our column in which we interview industry leaders about key issues that may alter the future of electrical construction. This time, […]
Improving Prefabrication and Field Productivity with Design Standardization
WWW.ASAONLINE.COM FEBRUARY 2015 Creating an Organization Focused on Achieving Operational Excellence Managing the Prequalification Process Case Study: Acing Energy Efficiency Improving Prefabrication and Field Productivity with Design Standardization Centralized Document Management Systems Help Boost Productivity Are Your Employees Happy? Legally Speaking: What Is […]
Billing & Collections
BY STEPHANE McSHANE Improve Your Company’s Billing & Collections Contractors take on tremendous risk when they perform work. However, more contractors go out of business due to poor cash flow than lack of profitability. Why? Is there as much emphasis on billing and collections as there is on daily construction operations? While management executives typically […]
Recruitment & Retention
BY CHRISTINE RAHLF HOW KRAs DRIVE SUCCESSFUL Employee Recruitment & Retention With the recovering construction industry projecting an annual job growth rate of 2.6% through 2022,1 the shortage of qualified workers and increasing demand has created a candidate’s market. Employers will need to leverage every tool available to attract, hire, and retain the right people. […]
