Negative cashflow probably causes more construction companies to run into financial trouble (leading to their closure) than any other cause. Even a profitable construction project can cause a company financial problems if the cashflow is negative. Negative cashflow is when the contractor is paying money to suppliers, equipment hire companies and subcontractors, or in wages […]
Read More
My anecdotal evidence suggests that 90% of business partners in engineering and construction firms are experiencing strained relationships. While this is just my observation as a consequence of working with business owners to sort their issues out, the fact that this pattern keeps repeating itself tells me that for many firms this is a significant […]
Read More
South Australia’s construction industry will witness a boom with the onset of mega works in construction, adding up to almost $1 billion worth of projects. That too, in a short period of the two-quarters. Finally, South Australian residents will get what they have been waiting for to start for so long. You will see the […]
Read More
Patience is a Virtue Very few things in life that are worth having come easily. Unfortunately, that includes marketing as well. Of course, we all want to spend as little as possible and get the fastest results, but there are no shortcuts to good marketing. Now, there’s nothing wrong with using shortcuts to get a […]
Read More
From my experience working with companies in major construction, the majority of people don’t fully understand the ways content such as; blog posts, videos and business listings can attract more traffic to your website and create potential customers, as they believe because they are in a niche market they therefore have no need to publish […]
Read More
Do your employees understand how important good client relations are? Construction companies are always searching for new projects to bid on. You examine bidding lists, visit potential clients, and even advertise. But an important source of new construction projects are your existing clients. Your existing clients not only could have further projects for you to […]
Read MoreI often hear people in the engineering and construction game complaining about the rates and fees they get for their products and services. It doesn’t matter whether they come from a small or large business – the stories about clients “not being prepared to pay what it costs for what we do” are exactly the […]
Read More
It’s been 6 weeks since the lockdowns were announced in Australia (Week of 29 March 2020); and we have seen a massive transition in the way that we live our lives, the way that we go about our business, and we also consider what the future holds for us. When the lockdowns kicked in – […]
Read More
Companies and individuals that know my business and have worked with me in the past are aware that I have a favourite saying about the Engineering and Construction Industry: “Nine Projects go well and the tenth Project blows the company up!” I’m here to say that there are plenty of disastrous projects that demonstrate the […]
Read More
Western Australia will be witness to a robust economic revival from the covid-19 pandemic with construction projects worth $367 million set to generate employment for about 2500 people. The Govt has approved Brookfield Properties for the development of Lot 5 as well as Lot 6 Elizabeth Quay buildings, which will change the skyline of Perth. […]
Read More