Don’t Risk Poor Cash Management Due to Lack of Strategy
Regardless of market conditions, having the right level of liquidity is a crucial aspect of successful risk management for contractors.
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FMI Quarterly
Strategies for Strengthening Resilience in a VUCA World
The business environment can change overnight, presenting daunting, unanticipated challenges as well as genuine opportunities for those who have prepared for the unexpected.
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Why Large Contractors Fail – A Fresh Perspective
It’s been nearly 200 years since French educator and writer Jean-Baptiste Alphonse Karr uttered the epigram, “the more things change, the more they stay the same”; but those words still hold true today. The question is, is history repeating itself, albeit on a larger scale.
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Three Lines of Defense: Holding Leadership Accountable for Managing Risk
Fully embracing the “Three Lines of Defense” model can mitigate risk and optimize future opportunities.
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Why Large Contractors Fail - A Fresh Perspective
During the past few decades, there have been dozens of large contractors that, after many years of growth and apparent prosperity, experienced notable financial disasters, resulting in bankruptcy or a reincarnation of the business in a much different form.
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A Blueprint for Risk Management in Construction
Nine elements that should be included in every construction firm’s formal risk management strategy
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